Dow Jones 02.08.2024

Dow Jones 02.08.2024

The Dow managed to hit the target of 41100 before heading for another correction.

As we see on the chart, the market is facing the first support at around 39800-900. If prices remain above it, another rebound toward 41000 could occur.

Below 39800 more of a drop to test the 39200-300 zone could hit the market which in turn could push for a rebound.

 

SUPPORT RESISTANCE
LEVEL1 39800-900 40400-50
LEVEL2 39200-300 41000
LEVEL3 38700 41400-500

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