As we see over the Intraday chart, the Dow is facing resistance around 46850, which is keeping pressure on market.
If prices hold below the said resistance, then the drop pressure could sustain towards the 45700-900 support zone, which in turn could push for a rebound.
Below 45700 more of a drop towards the 45150-400 zone could hit the market.
Above 46850 more advance towards 47350-550 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 46070 | 46850 |
| LEVEL2 | 45700-900 | 47350 |
| LEVEL3 | 45150-400 | 47550 |
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