Dow has taken a massive hit down 977 points -3.37% with a considerable price gap from the opening trades and is attempting to hold at around 27996.00 a critical support price point at the time of writing. If it survives at this point, then we might see an attempt to head back up to 28580.00 a significant resistance point, but first, it needs to go through two resistance points at around 28215.00 and 28356.00.
Dow could continue down this destructive path to its next critical support price level at 27417.80 if it ultimately fails at the current support level.
Dow could continue down this destructive path to its next critical support price level at 27417.80 if it ultimately fails at the current support level.
