Dow Jones had the same reaction as the S&P 500 in Friday's trades. The Index held on at its defence line at 26030.00 for three days but collapsed on Fridays trades falling to around 25514.00 support area in the opening trades with a price gap. The Index managed to hold above 25514.00 and made a last-minute dash to close the price gap before closing at 25868.00.
The Index needs to hold at its current support line at around 25514.00 to have another crack at 2630.00. The Index could head back down to 24706.00 if it fails to hold above 25514.00
The Index needs to hold at its current support line at around 25514.00 to have another crack at 2630.00. The Index could head back down to 24706.00 if it fails to hold above 25514.00