Dow Jones US30 Chart Technical Outlook has room to correct lower toward 44,500, eyeing the JOLTS data.
The Dow has been moving sideways since the last week. Prices printed a lower high yesterday to print a corrective structure. There is room for further losses toward the previous week’s low. Momentum is shallow, waiting for a catalyst. Today’s main event to watch is the JOLTS Job Openings. I expect the index to respond lower. Resistance is located at 45,000. Support is at 44,500.
