The Dow managed to break above 41000 which could keep the advance toward 41400 and 41800.
As we see on the chart, the market is facing support around 40700-800 and if prices remain above, the advance wave could sustain toward 41400 and 41800.
Below 40700 more of a drop toward 40400 and 40000 is expected.
SUPPORT | RESISTANCE | |
LEVEL1 | 40700-800 | 41400 |
LEVEL2 | 40400 | 41800 |
LEVEL3 | 40000 | 42200 |
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