Dow Jones May Have a Temporary Fall

Negative moves dominate the Dow Jones Industrial Average after it encountered a strong resistance near 29200.

Technically, the current movements are witnessing a bearish bias as a result of trading stability below 29220/29215 with negative signs on the RSI indicator on short time frames.

Therefore, there is a possibility that we will witness negative movements during the coming hours, provided that the breach of 28930 is confirmed, to target 28880 as the first target that extends to 28610.

Returning to above 29220 negates the downward trend, and the index recovers 29380 then 29420. Note: the level of risk is high.

S1: 28810	R1: 29215
S2: 28605	R2: 29425
S3: 28400	R3: 29630