Dow Jones Incurs Heavy Losses

The Dow Jones Industrial Average declined significantly, canceling the expected positive outlook of the previous analysis, touching the stop losses order published during the last analysis at 34,320. We indicated that the trading base below 34,320 will immediately stop any upward movements and put the price under strong negative pressure. Its initial target is around 34,170, recording a low of 34,002 making up part of the long position losses.

On the technical side, trading today is stable below the previously broken support-into-resistance level of 34,380, and the moving averages continue their negative pressure. Therefore, the bearish tendency is the most preferred, knowing that breaking 34,200 opens the way visit 34,120, and then 33,820.

The breach of 34,380 is able to thwart the expected scenario and lead the index to compensate for its previous losses, with an initial target of 35,000. Note: The level of risk is high and may not be commensurate with the expected return.

S1: 34120	R1: 34610
S2: 33815	R2: 34795
S3: 33630	R3: 35100