- Dow Jones Index Breaks Above Key Support Level 32875.00
- Possible fall to support level 32000.00
The Dow Jones Index recently broke through a major support level at 32,875.00, which has caused the index to repeatedly flip since the beginning of May.
The breakout of the support level 32875.00 coincided with the breakout of the 38.2% Fibonacci correction of the uptrend from October 2022.
The Dow Jones Index is expected to fall further towards the next support level at 32000.00, a previous multi-month support cluster from March.