Rebound potential from this top cloud chart level if support holds!
Price action is still negative on a daily chart because its below the cloud! The short-term opportunity is for a rally back up to the bottom end of the cloud if support comes in at the key cloud chart support levels! There is a significant cloud chart shadow support level at 24469! Rebound potential!
Turning to the 60 min chart, the bottom end of the cloud remains a key resistance zone on this downtrend. Can see a move down to 24909, and then a rebound from that level!
Critical week ahead for the Dow to rebound from top end of the weekly cloud!
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