Dow jones - Correction could trigger

  • Dow was trading in a channel with signs of distribution. Dow gave a close below this channel.

    33500-33700 is immediate support area. Considering all global cues like Russia-Ukraine tension, US inflation is 40 years high, Protests in NZ - I think this support will not sustain this time.

    33300 is the next big support after this range.

    Dow jones could show 30600 levels if 33300 levels are broken decisively.

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