Dow Jones is trading negatively 13/4/2022

Mixed trading tended to the negative, which dominated the Dow Jones Industrial Average movements during the previous session’s trading, exceeding the target required to be touched around 34,065, recording its lowest price at around 34,000.

On the technical side today, by looking at the 240-minute chart, we find that the index tried to get more bullish momentum but failed to achieve that, and trading is still stable below the 34,240 resistance level.

We tend to be negative, but with great caution, knowing that trading below 34,000 increases the strength of the bearish trend, opening the door for the index to head towards 33,920, and losses may extend later towards 33,830 as long as the price is stable below 34,250.

The attempts to consolidate above 34,250 can thwart the proposed scenario, and the index begins to recover to visit 34,490.

Note: Risk is High

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

S1: 33920	R1: 34490
S2: 33675	R2: 34820
S3: 33345	R3: 35065