Last Friday, we mentioned that DOW should be close to a triangle breakout point. Now, it seems like traders have made up their mind for downside move. 24668.83 will now be the key focus. Break will resume the fall from 25449.15. Break should at least send the index to 23.6% retracement of 26616.71 to 23360.29 at 24128.80. That’s slightly below 24217.76 resistance. It remains to be seen if the correction from 26616.71 will extend beyond 23360.29. And the momentum of the next move will be closely watched.
