The Dow Jones 30 consolidates as traders await today’s NFP.
A new high above 35100 indicates that the bulls are still in control. Though profit- taking ahead of this catalyst has driven the index to the support at 34700.
Sideways actions would allow buyers to accumulate at a better VWAP. Volatility would kick off when a breakout tips the balance to a direction.
A close above 35100 may send the index to 35500. However, a drop below the said support would cause a sell-off to the daily support at 34000.
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