The Dow managed to met the target zone at 49500-600.
As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760.
As long as the market holds above 48760 the advance wave could continue.
Below 48760 more of a drop will be expected with supports at 48300 and 47600-700.
Above 50000 the Dow could enter a new advance wave.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 48760 | 49800-50000 |
| LEVEL2 | 48300 | 50600 |
| LEVEL3 | 47600-700 | 51000 |
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