Dow jones - Correction could trigger
- Dow was trading in a channel with signs of distribution. Dow gave a close below this channel.
33500-33700 is immediate support area. Considering all global cues like Russia-Ukraine tension, US inflation is 40 years high, Protests in NZ - I think this support will not sustain this time.
33300 is the next big support after this range.
Dow jones could show 30600 levels if 33300 levels are broken decisively.