The Dow managed to hold above the support of 41600 where prices managed to hit a rebound toward 42460.
As long as the market holds below the resistance of 42560 another swing back toward 41800 could hit the market.
Above 42560 more advance will be expected with resistance around 42835.
Below 41600 more of a drop toward 40600-700 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 41600 | 42560 |
| LEVEL2 | 41200 | 42835 |
| LEVEL3 | 40600-700 | 43200 |
The support at 41,600 seems to be a critical level. If it doesn’t hold, a drop towards 40,600 could offer an opportunity for short-term traders. I’d be curious to see how the broader market sentiment affects these levels.