03-05-2024 Dow Jones Update

The Dow hourly hit the .382% retracement level of the last major hourly swing and found support with oversold short-term conditions. Support is critical now at 38457, 38375 and 38202. Under 38202 would open counts to critical support at 37947/37940. Resistance is 38614 and 38710. A drive over 38710 will test 38789 with counts to 38667/38675. Closes back over 38675 return bullish momentum toward the highs at 39100/39120.