As we projected yesterday and as seen on our previous chart, the Dow managed to sustain trades above the 38900 support and rebounded toward 39275.
As we see on the Intraday chart, the first support is at 38900 which maintains the chance for a correction towards 39750.
Below 38900, more of a drop will be expected to test the support trend of 38500-50 which in turn could activate another rebound.
Below 38500, more of a drop toward 37700 will be likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 38900 | 39220 |
| LEVEL2 | 38500-50 | 39600 |
| LEVEL3 | 38000 | 39750 |
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