The Dow retested support at 41825 yesterday and rebounded from that level, as anticipated.
The intraday chart shows resistance around 41960-42100; as long as the market holds below this zone, downward pressure may persist, potentially testing the 41825 support again.
A break below 41825 could lead to further declines toward 41440 and lower. Conversely, a move above 42100 could open the door for advances, with resistances at 42400 and 42600.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 41825 | 41960-80 |
| LEVEL2 | 41440 | 42400 |
| LEVEL3 | 41000 | 42600 |
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The post Dow Jones – 08.10.2024 appeared first on Orbex Forex Trading Blog.
