DJI dropped 256pts on Friday after the release of the US employment report.
Market is still in a short term downtrend mode, MACD is currently below the zero centerline. Base on chart, the current support level is at 12715, falling below it, we may see it hitting the next psychological support at 12500.
Currently, the long term uptrend support is at 12124, this uptrend has started since 2003, falling below it indicate a change in long term trend. This is a very very critical support level.
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