DJIA likely consolidating.

Dow Jones been consolidating recently at a considerable rate after a recent run up which last about 2 months has brought the index up about 1400 points. It has not been going through any consolidation since then till now. A healthy retracement would suggest a 50% retracement to about 10700 point level.
Amid recent issues on tension in the Korea borders as well as various sovereign debt issues, the index has been holding quite strong at the immediate support though. A breakdown at 11000 points would trigger new selling pressure and bring it down to the next immediate support.

Support is currently stood at 11,000 , 10,850 and 10,700 respectively.
Resistance is currently stood at 11,250 and 11,450 respectively.