
The Dow managed last week to break above the resistance of 45700-50 whilst managing to meet the first target at 46000.
As we see over the chart and if prices hold above the support of 45500-700, another advance toward 46300 and 46800 will be expected.
Below 45500 more of a drop could hit the market with supports at 44900-45000 and 44570, where each one of them could push for a rebound correction.
SUPPORT | RESISTANCE | |
LEVEL1 | 45500-700 | 46300 |
LEVEL2 | 44900-45000 | 46800 |
LEVEL3 | 44570 | 47100 |
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