Dow Jones US30 Chart Technical Outlook rally toward 41,200 can find sellers
Dow Jones has been correcting lower this month. Gloomy data on the US jobs market supported the risk-off sentiment. Prices found support at the 50% Fibo level of the preceding rally. They bounced higher, printing wave X of a three-wave downside corrective structure. There is room for further gains toward 41,200. I expect the rally to find sellers to print wave Y to the downside. Support is located at 40,280.
