
The Dow managed to break above the resistance 41100-200 last Friday.
As we see over the chart the market is facing Intraday supports around 40850 and 40600-50. If prices remain above one of those supports, the advance wave could expand toward 41800.
Prices managed yesterday to hit 41780 high and almost close to the first target while further advance toward 42500-800 is still expected.
Below 40600 the market could drop further with supports around 39760 and 39250.
SUPPORT | RESISTANCE | |
LEVEL1 | 41150 | 41800 |
LEVEL2 | 40600-50 | 42500 |
LEVEL3 | 39760 | 42800 |
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