Dow Jones: Key level for buyers to defend.

The index broke on Monday the 1D Channel Up (RSI = 57.363, MACD = 302.300), making a bottom below the Higher Low limit (Highs/Lows = -54.6429, B/BP = -113.5340). The rejection near the 26,280 1W Resistance can potentially escalate to a full 1W pull back towards the 1W Support Zone (24,140 - 24,280) but only if the 25,620 Monday low breaks. As seen on the chart that pattern supported the uptrend on a previous occasion, however this time the Channel Up broke and it may not hold. That is why we are only willing to sell if it breaks. TP = 24,860.






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