Resistance: Initial resistance is at 2780, if 2780 is broken next resistance is at 2800 which is very critical resistance for rise, if 2800 is broken we can expect 2845 levels.Support: Initial support is at 2740, next support levels are 2700 and 2640.
The rally in DOW is in reaction to pieces of better news, including Tuesdays housing report.
At some point we are going to have to start looking at the Quarterly earnings and that's probably the next turning point.
