Dowjones cracked on weak Nonfarm payroll data but Unemployment data were positive so market had both positive and negative data to react and it chose negative one and it opened 200 points down and still trading 230 points weak from its last closing at 16140 , today market need to cross technical resistance at 16260 and sustain above this level so it can test upto 16410 – 16550
If dowjones click our major support of 15980 and sustain below this major dowjones intraday support then expect market to crash upto 15850 – 15720 today
Dowjones technical analysis conclusion : Dowjones trend is weak for now , This is just short term trend for now our broad view is same we expect more correction and not 100-200 points correction but bigger one
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