Dow fell by 4.8% in the last two days, and markets strongly pressure by avoiding the risk because it was afraid of the deeper crisis that US tariffs and counter measures could cause a global economy.
From a technical point of view, daily studies are at full hostility installation, weekly studies are weakened and contributes to the negative appearance.
Breaking significant supports in 40214 and 40000 (32328/45088 / Psychological FIBO 38.2%) and their efforts to close these levels weekly will produce a strong decline signal for a deeper decline.
The completion of the double top model in the weekly graph is confirmed by the latest weakness that contributed to the negative risk.
Immediately target 37624 (weekly Ichimoku cloud base) and 37202 (FIBO 61.8%) at 38708 (50% withdrawal).
Strong resistors in the 40000/40700 region (broken supports / old low on March 13) should ideally up.
