Dow Jones – 16.08.2024

Dow Jones – 16.08.2024

The Dow managed to break above the resistance of 39875 and advanced to hit a high of 40655.

As we see over the chart the market could move between the support levels of 39850 and 39450 and resistance zone of 40800-900.

Above 40900 more advance will be expected with resistance around 41400.

Below 39450 the market could start a new downtrend wave toward 38400 and below.

SUPPORT RESISTANCE
LEVEL1 40300 40800-900
LEVEL2 39850 41400
LEVEL3 39450 41800

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