Dow Jones (CME) (M4) Intraday: bullish bias above 39370.00.
Pivot: 39370.00
Our preference: long positions above 39370.00 with targets at 39730.00 & 39850.00 in extension.
Alternative scenario: below 39370.00 look for further downside with 39190.00 & 39100.00 as targets.
Comment: a support base at 39370.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
40000.00
39850.00
39730.00
39555.00 Last
39370.00
39190.00
39100.00
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