Dow Jones (CME) (M5) Intraday: watch 39300.00.

Pivot: 40040.00

Our preference: short positions below 40040.00 with targets at 39300.00 & 38890.00 in extension.

Alternative scenario: above 40040.00 look for further upside with 40440.00 & 40730.00 as targets.

Comment: a break below 39300.00 would trigger a drop towards 38890.00.

Supports and resistances:

40730.00

40440.00

40040.00

39474.00 Last

39300.00

38890.00

38580.00