
The Dow seems to be building a rising wedge formation, which if managed to control market, a correction is likely.
Intraday charts show the chance for a trading zone between support 46000-100 and resistance 46450-500.
Above 46500 more advance toward 46800 and 47100 could hit the market.
Below 46000 more drop will be expected at the 44925 support zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 46000-100 | 46450-500 |
LEVEL2 | 45600 | 46800 |
LEVEL3 | 44925 | 47100 |
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