Dow Jones hits the resistance 6/4/2022

Positive trades dominated the Dow Jones Industrial Average movements within the expected bullish path during the last analysis. As a result, we relied on confirming the index’s breach of the 34,860 ​​resistance level to facilitate touching the required targets at 34,950 and then 35,060 to record the highest, around 35,012.

On the technical side today, by looking at the 60-minute chart, we notice the quick negative bounce resulting from touching the psychological resistance of 35,000, to witness evident stability below the 34,640 level accompanied by signs of gradually losing bullish momentum.

There may be a possibility of a bearish tendency, provided that 34,470 is confirmed, and that may open the way for the index to visit 34,350 first targets and then 34,140 next stations.

Rising again above the resistance level of 34,895 can thwart the suggested bearish scenario and lead the index to reduce its losses towards 34,950 and 35,150.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 34350	R1: 34895
S2: 34135	R2: 35225
S3: 33800	R3: 35440