Watch The Dow (US30)

Price continues to decline. Today is the 3rd consecutive day of decline. The first level of support comes in at the 20EMA at 26,554. The neckline of this Double Top reversal chart pattern comes in at 26,386. Support at 26,554 needs to halt price decline. Price must not fall below 26,386. A fall below 26,386 would confirm a Double Top chart formation and calls for a deeper correction to 25,805, which is also the Fibonacci 50% of the June rally.

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