The Dow managed to rebound on the news that the Iran war could be nearing an end.
As we see over the chart, the market could face resistances around 48100 and 48700-800, where each resistance could lead to a continuous drop, as traders could soon realise that President Trump got the view wrong over who controls the war.
If the market holds below 48100, another drop toward 47000 and below is expected.
Above 48100 more advance could hit the market towards 48700-800.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 47460 | 48100 |
| LEVEL2 | 47000 | 48700-800 |
| LEVEL3 | 46300 | 49100 |