Dow Jones incurs heavy losses 25/42/022

The Dow Jones Industrial Average declined noticeably to give up its recent gains, surpassing the required official station 34,150 to record its lowest level at 33,690.

On the technical side today, we notice that the index succeeded in pivoting below the 34,190 level, and we also find the simple moving averages continuing to pressure the price from the top.

Therefore, the bearish scenario may be the most likely to target 33,380 awaited official stations as long as the price is stable below 341,90.33380

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 33380	R1: 34410
S2: 33025	R2: 35075
S3: 32365	R3: 35735