Dow Jones futures edge back above 40,600

Earlier today the Dow Jones future was pricing a reopening at around 40,650. The index had closed last night at 40,563, with a solid gain of 554 points on the day (+1.39%) and cleared well above what might have been a technical resistance level at 40,277 (61.8% of the 41,376-38,499 fall). The next level in that respect is now at 40,697 and given where the futures are this morning that looks well achievable, when the index reopens later on. If that level is reached there is further potential resistance in place at 40,980 today. That comes from a downward sloping trend line extending from the two previous highs, at 41,376 (the all time high) and then at 41,198. If you are to look at a daily chart of the index you will see what is being talked about here