Index

Dow Jones may fall to 36850 - 37700

2024-08-06

Pivot

39800

Our preference

Short positions below 39800 with targets at 37700 & 36850 in extension.

Alternative scenario

Above 39800 look for further upside with 41360 & 42450 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

42450

41360

39800

38670 Last

37700

36850

36000

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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