
The Dow managed to rebound before testing the support zone of 40800-900 as the index printed a low around 41160 last Friday.
As we see over the chart the market is facing support around 41850 and 41600, which one of those supports could keep the advance wave going to break above 42100 and to head for a further advance with resistances at 42435 and 42875.
Below 41600 more of a drop will be expected with support at 41160 and 40800.
SUPPORT | RESISTANCE | |
LEVEL1 | 41850 | 42100 |
LEVEL2 | 41600 | 42435 |
LEVEL3 | 41160 | 42875 |
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