Dow to drop on Israeli missile strike
Having briefly traded in 4-month highs at 43,115, the Dow Jones Industrial Average is expected to fall below its 200-day simple moving average (SMA) at 42,497 amid heightened geopolitical tensions in the Middle East.
Support below the 5 June low at 42,212 can be spotted around the late May low at 41,828 and the 15 May low at 41,778.
Critical support is the 23 May low at 41,354, a fall through which may lead to a much deeper correction taking place.
Minor resistance is seen along the 200-day SMA at 42,497 and at Thursday’s 42,606 low.