Dow Jones (US30) Chart Technical Outlook corrects lower, eyeing FOMC minutes and Nvidia
Dow Jones printed a lower high last week and continued to be lower this week. This could develop into a three-wave corrective pattern, with a measured move target of AB=CD at 38,000 that overlaps with a 50% Fibo level.
I expect a flat-to-low price action ahead of the data.
Resistances: 38,850, 39,400
Supports: 38,250, 37,900
