Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average experienced significant losses during yesterday’s US trading session, extending beyond the target of 42,300 to a low of 41,767.
Today, our technical outlook remains bearish. On the 4‑hour chart, negative intersections of the simple moving averages continue to pressure the price from above, while the Stochastic indicator hovers around oversold levels.
If trading persists below 42,430—and generally below 42,530—the downward trend is likely to continue. A break below 41,770 would be a key condition for further declines, with initial targets at 41,615 and potentially extending toward 41,220. Conversely, an upward crossover and a closing hourly candle above 42,430 could trigger a retest of the 42,530 resistance level.
Alert: Today, high-impact US economic data on Job Vacancies and Labor Turnover Rate (JOLTS) is expected, which may lead to significant volatility.
Disclaimer: Trading in CFDs carries inherent risks, and all scenarios are possible. This analysis is not investment advice but rather an interpretation of the current technical landscape for the Dow Jones Industrial Average.
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