Dow Jones Downside to 45,000
The Dow Jones is vulnerable to fall to 45,200-45,000 in the coming days.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"A crucial resistance is at 53,150 which will need a close watch this week. Failure to breach this hurdle and a subsequent fall below 52,000 will be bearish. That in turn will indicate a top in place. In that case, the Dow Jones can fall back to 50,000-49,000 in the coming weeks."
"The Dow Jones Industrial Average has been relatively resilient but is now on track to finish the week with a gain of less than 1%."
"The Dow peaked near 50,188 in February but has fallen more than 7% from that level, pressured by the war's economic fallout, including higher energy costs and uncertainty over global growth."
"Because the Dow is price-weighted rather than market-cap weighted, a sharp fall in a high-priced stock like UnitedHealth can drag the entire index lower."
"if the index declines below 46,000 it will be bearish."
"Failure to rise above 46,250 will keep the index under pressure to break this support."
"The Dow Jones looks vulnerable to fall to 45,200-45,000 in the coming days."