Dow Jones may fall to 37700 - 38500

Pivot

39800

Our preference

Short positions below 39800 with targets at 38500 & 37700 in extension.

Alternative scenario

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

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

42450

41360

39800

39470 Last

38500

37700

36000

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