Dow Jones. Dow took on 26030.00 resistance in yesterday's session and managed to close above the price line. Today, Dow open just above yesterday's close and breached two resistance price points at 26491.00 and 26823.00 but failed to reach 27181.60 and pulled back.
The Index made two attempts to hold at 26823.00 but failed again and now just floating just above 26030.00 a critical level highlighted in my previous update. The Index is currently down close to -2% and will need to hold at its current support level to avoid further decline. If it fails, then a pullback to 25514.40 and 24706.00 could erase yesterday's gains.
The Index made two attempts to hold at 26823.00 but failed again and now just floating just above 26030.00 a critical level highlighted in my previous update. The Index is currently down close to -2% and will need to hold at its current support level to avoid further decline. If it fails, then a pullback to 25514.40 and 24706.00 could erase yesterday's gains.
