The Dow managed to break above the resistance at 46700 last week, where prices added further advance and closed at the target and resistance of 47100.
As we see on the Intraday chart, the market is facing support around 46650-700. As long as the market holds trades above this level, further advances toward 47500 can be expected.
Below 46650-700 more of a drop could hit the market with support around 46100-200, which could reactivate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 46650-700 | 47100 |
| LEVEL2 | 46100-200 | 47500 |
| LEVEL3 | 45780 | 48000 |
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