Our previous outlook for the Dow Jones is still valid while the market managed to test the resistance zone of 52000-200, which could lead to a potential Rising Wedge formation that can create a correction scenario.
Prices managed so far to drop towards the 51300 zone.
Above 52275, a chance for further advance toward 53000 is likely.
Intraday support is at 51300 with resistance at 51900.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 51300 | 51900 |
| LEVEL2 | 50800 | 52275 |
| LEVEL3 | 50300 | 52600 |