The Dow managd last Friday to hit the target at 50000-100.
As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold this trading zone.
Below 49500 more of a drop toward 48300-600 will be expected.
Above 50800, the daily close could initiate a new uptrend wave.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 49500-600 | 50700-800 |
| LEVEL2 | 48300-600 | 51500 |
| LEVEL3 | 47600-700 | 52500 |