Dow Jones (CME) (H6) Intraday: key resistance at 49400.

Pivot: 49400

Our preference: short positions below 49400 with targets at 49060 & 48900 in extension.

Alternative scenario: above 49400 look for further upside with 49580 & 49680 as targets.

Comment: as long as 49400 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

49680

49580

49400

49332 Last

49060

48900

48820