Dow Jones Settles Below Support

The Dow Jones Industrial Average incurred noticeable losses, negates the bullish corrective path as we expected, touching the stop losses order published in the previous analysis at 33,650.

On the technical side, we tend to negativity, based on the stability of the RSI below its mid-line 50, coinciding with the clear negativity signs on Stochastic.

We target 33,340, a first target, and breaking it will increase the strength of the bearish trend, with a second target at 33,170. The return of trading stability above the resistance level 33,760 is able to thwart the bearish scenario completely and lead the index to an ascending path with its target 33,960.

Note: The risk level is high.

S1: 33340	R1: 33760
S2: 33170	R2: 34000
S3: 32920	R3: 34180