The Dow Jones Industrial Average fell from its intraday high, erasing all the gains from the previous day. The Dow Jones ended the day flat at 46,602

On the contrary, the S&P 500 and the NASDAQ Composite indices rose sharply from their day’s low and closed in green. The S&P 500, closing the day at 6,753.72, was up 0.58%. The NASDAQ Composite, on the other hand, surged by over 1% and closed at 1.12%.

Dow Jones (46,602)

The Dow Jones initially broke the resistance at 46,730 on Wednesday but failed to sustain the move. It touched a high of 46,816 and had come down sharply from there.

The bias remains negative, with strong resistance in the 46,770-46,800 region. An intraday dip to 46,550-46,500 is possible today. A break below 46,500 will be bearish for a fall to 46,400.

The Dow must deci

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