![Dow Jones – 09.07.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/07/09161736/dow-chart-09.07.2024.png)
The Dow fell after US labour market data news release and hit a 39155 low before rebounding above 39200.
The market is showing the first support around 39150-200 where as long as the market remains above it, the advance could sustain towards the target of 39750 and above.
Below 39150 will be the first weak sign with the second support at the 38700-900 zone which could push again for another advance wave.
Below 38700 a new downtrend wave could start toward the 37700 zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 39150-200 | 39750 |
LEVEL2 | 38700-900 | 40095 |
LEVEL3 | 38000 | 40500 |
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