Dow Jones Faces Negative Pressure

The movements of the Dow Jones Industrial Average witnessed a slight upward trend during the previous trading session, recording a high of 32,666.

On the technical side, and with a closer look at the 60-minute chart, we find the index returned to settle below 32,500 and generally below 32,625, and we find the RSI indicator providing negative signals.

Consequently, we will maintain our negative outlook targeting 32,200, bearing in mind that breaking the aforementioned level puts the index under strong negative pressure, and its next target is around 32,020.

From the top, the return of trading to stability above 32,625 will immediately stop the bearish trend and recover the index with the aim of retesting 32,850.

Note: The risk level is still high.

S1: 32200	R1: 32625
S2: 32020	R2: 32850
S3: 31780	R3: 33045