The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week.
As we see from the chart and as long as the market holds above 52640, the advance is likely to move above 55000.
Below 52640 a chance for a further drop could hit the market with support at 51480.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 53000 | 53520-720 |
| LEVEL2 | 52640 | 54230 |
| LEVEL3 | 52000 | 54740 |