The Dow managed to meet the target of 40300 and below last week.
As we see over the Intraday chart, the market is still facing the 40880-950 resistance zone where as long as prices hold below it, another drop wave toward 40000 will be expected which in turn could activate another rebound correction.
Below 39820 a new downtrend wave could hit the market with the first target toward 39200.
Above 40950 a chance for further advance could hit the market toward 41400.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 40300 | 40880-950 |
| LEVEL2 | 40000 | 41400 |
| LEVEL3 | 39820 | 41800 |
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