Aurum Markets Blog Technical Analysis DOW 30 approaching support level

DOW 30 approaching support level

DOW 30 approaching support level post thumbnail image

DOW 30 is heading towards 42258.9492 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 42258.9492 Entry: 42535.11 Stop: 42677.5247

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