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 |