Dow jones prediction may 31 2012

Dow jones prediction may 31 2012 : The Dow closed down 160.83 points, or 1.3 percent, at 12,419.86. The Dow has had a miserable May, losing more than 6 percent, and is on track for its first losing month since September.

The Standard & Poor's 500 index lost 19.10 points to 1,313.32. The Nasdaq composite index fell 33.63 to 2,837.36. Energy stocks were hit hardest because of a big drop in the price of oil, but stocks in all major industries fell.

The trigger for Wednesday's sell-off was Spain, where the banking system is under strain a week after its fourth-largest bank required $23.8 billion in government aid to cover souring real estate loans.

Today's support: - 12403.13 (main), where a delay and correction may happen. Break of the latter will give 12375.80, where correction also can be. Then follows 12341.22. Be there a strong impulse, we shall see 12318.72. Continuation will bring 12301.80.

Today's resistance: -12507.37, 12566.25, 12610.20 and 12656.06(main), where a delay and correction may happen. Break would bring 12682.24, where a correction may happen. Then follows 12743.80, where a delay and correction could also be. Be there a strong impulse, we'd see 12791.20. Continuation would bring 12823.35.

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