Dow Jones Looking For Momentum

Negative trading dominated the Dow Jones Industrial Average on Wall Street, nullifying the positive outlook expected in the previous analysis.

Technically, and despite the negativity, we still tend to be positive in our trading, relying on trading stability above 30,665 accompanied by stochastic attempts to get rid of the current negativity, so that the index begins to rebound again. Today, we target 31,035 as the first target, bearing in mind that breaching it is a catalyst that enhances the chances of a rally towards 31,150.

Confirmation of a break of 30,665 negates the bullish scenario and the index may witness negative pressure targeting 30,530 as an initial target.

Note: The level of risk may be high today.

S1: 30665	R1: 31035
S2: 30535	R2: 31275
S3: 30295	R3: 31405