Dow Jones Continues to Decline and Selling Pressure Persists

The Dow Jones Industrial Average declined significantly during the American session yesterday, heading to touch the first bearish target at 34,965 to record its lowest level during the early trading of the current session at 34,860.

On the technical side, the RSI continues to provide strong negative signals that support the decline and trading below the previously broken support-into-resistance level at 35,060.

Therefore, we will maintain our negative view towards the 2nd target of 34,760, considering that the confirmation of the aforementioned level break will accelerate the daily bearish trend, so we will be waiting for 34,660.

Note: the level of risk is high.

S1: 34760	R1: 35060
S2: 34660	R2: 35260
S3: 34470	R3: 35730