Dow Jones in the medium term
We had warned a lot of "weakness in US stock indexes in the medium and long term as well" since last September, and after that we saw shares that fell by more than 50%.
The current situation in the medium term
The Dow Jones reached the important weekly support 33100, which if it closes below it will open the way for more decline to 29375 and may extend to close the gap indicated in the circle on the chart at 28495
Therefore, it is important that the Dow Jones Weekly does not close below 33100
Medium-term resistances: 35825 then 36322
The current situation in the medium term
The Dow Jones reached the important weekly support 33100, which if it closes below it will open the way for more decline to 29375 and may extend to close the gap indicated in the circle on the chart at 28495
Therefore, it is important that the Dow Jones Weekly does not close below 33100
Medium-term resistances: 35825 then 36322