Dow Jones Extends Losses

The Dow Jones Industrial Average witnessed strong losses within the bearish trend that we expected, touching the third target published in the previous analysis at 26850, posting a low at 26388.

Technically, we tend to be negative, given the negative pressure coming from the simple moving averages, in addition consolidating below 26810.

Therefore, the bearish scenario remains in place, knowing that trading below 26630 facilitates the mission to visit 26360.

On the upside, and with a return to trading above 26810, the bearish scenario will be negated, and we may see bullish attempts targeting a re-test of 27110. Warning: The risk level is still high.

S1: 26355	R1: 27210
S2: 25945	R2: 27660
S3: 25495	R3: 28065