Bears look for eventual break below 24544 Fibo support

Dow Jones Dec future contract was slightly higher after better than expected US Q3 GDP on Friday and still holding above pivotal support at 24544 (Fibo 61.8% of 23050/26962 Feb / Oct rally), where downside attempts were repeatedly rejected.
Extended consolidation is expected to precede fresh weakness as overall structure is bearish and stocks remain in negative mode on fears about global growth and trade, with concerns over corporate profits, adding to negative sentiment.
Negative reports that sent lower Dow components: SNAP; CL and CMG in pre-market trade on Friday, boost negative outlook ahead of the Friday’s session.
Bearish techs add to negative sentiment as index is on track for strong bearish weekly close and probes through weekly cloud top (24713) would add to negative tone on weekly close below cloud top.
Bears look for eventual close below 24544 Fibo support to signal continuation of steep fall from 26962 03 Oct record high).
Broken 200SMA (25127) is expected to cap upticks and keep bears intact.

Res: 24825; 25020; 25127; 25233
Sup: 24510; 24305; 24166; 24000