DOW Jones were rallying before G-20 meeting last weekend. Surprisingly, it peaked while market were cheerful about trade truce between US and China on last Monday. Downfall accelerated afterwards. Arrest of Huawei's CFO and yield curve inversion were catching market attention this week. Such a drama week proved again that uncertainty is the only certainty in market. Two weeks later will be last meeting among US Federal Reserve on 2018. Monetary policy for 2019 should be the major concern.
~ 24300 will be immediate support for DOW. Shall it broken, next stronger support would be ~ 23500. If this is broken also, more downside shall be ahead.
Relevant News:
[1] https://www.bloomberg.com/news/articles/2018-12-06/huawei-cfo-arrest-pursued-by-u-s-despite-risk-to-xi-trade-talks
[2] https://www.bloomberg.com/opinion/articles/2018-12-05/inverted-yield-curve-will-fed-act-to-avoid-recession
[3] https://www.bloomberg.com/news/articles/2018-12-06/powell-says-u-s-labor-market-very-strong-by-many-measures
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