The Dow had a wild ride yesterday, initially surging 450 points to our resistance level at 32800, coinciding with the 200-period moving average, before tumbling back down amid concerns about the global economic recovery as a whole, with technology stocks leading the drag lower despite yields stabilizing. Today, US GDP is due at 1230 GMT with initial jobless claims due at the same time, and therefore some volatility is expected with 32400 as nearest downside target.
Support: 32400/ 32296
Resistance: 32610 / 32800
