DOW JONES: Fall sharply fom 41181
ANALYSIS ON YEARLY PIVOTS OF 2024 :
On 17 July DOW tested 41181 YH4 for the first time in the year after breaking 39835 YR1 upside. After taking support from 39835 on it's pullbck it again test 41181 upside on July 31.
Post that, a sharp selling was seen from 41181 failing to hold the key support range 39436 YH3 and 39835 YR1.
After breaking down 39436 with a gap down ,yesterday it came to retest 39436 and selling was seen from 39436 in the last trading hour.
Now expecting downside 38058 YFR1
Key Pivots Moving averages:
On 17 July DOW tested 41181 YH4 for the first time in the year after breaking 39835 YR1 upside. After taking support from 39835 on it's pullbck it again test 41181 upside on July 31.
Post that, a sharp selling was seen from 41181 failing to hold the key support range 39436 YH3 and 39835 YR1.
After breaking down 39436 with a gap down ,yesterday it came to retest 39436 and selling was seen from 39436 in the last trading hour.
Now expecting downside 38058 YFR1
Key Pivots Moving averages:
- Gone below 3 Months SMA 90 Days 39163
- Holding above 6 Months SMA 180 Days 38477
- Far above Yearly SMA 365 Days 36113 which is in confluence with Yearly pivot support of YPP 35632 and YL3 35943
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