Dow Jones May Have a Temporary Fall

Positive trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, approaching a few points difference at the published target 31,690, posting a high of 31,360.

On the technical side, the current movements of the index are witnessing stability below the 31,550 resistance level, as we find the RSI tends to be negative on short intervals.

Therefore, we may witness a slight bearish tendency during the coming hours, aiming at re-testing the support level of 31,330, and may extend later towards 31,220 before resuming the rally again.

Only from the top is the return of trading stability and surpassing the minor resistance level 31,550 will immediately stop the expected scenario and the index will recover again to complete the bullish path with the target of 31,615 then 31,750.

Note: The risk level may be high.

S1: 31330	R1: 31615
S2: 31210	R2: 31780
S3: 31035	R3: 31910