The Dow still holds inside the short-term uptrend channel.
As we see from the Intraday chart, prices are facing resistance around 49800, where as long as the market remains below it, the downtrend pressure could continue towards the target of 48300-600.
Prices managed to fall towards the first support at 49335.
Above 49800 more advance will be expected with the channel resistance at 50900-51000.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 49335 | 49800 |
| LEVEL2 | 49070 | 50520 |
| LEVEL3 | 48300-600 | 50900-51000 |