Dow Jones May Witness a Temporary Bearish Slope

During the previous trading session, positive trades dominated the Dow Jones Industrial Average, within attempts to touch our awaited target of 35,000, to record its highest price at 34,893.

On the technical side, the current movements of the indicator are witnessing a bearish tendency on the stability of the intraday trading below 34,830 and in general below 34,880, in addition to the clear negative signs on the RSI on short time frames.

Therefore, there is a possibility of a bearish bias in the coming hours, targeting 34,630 first targets, and losses may extend to 34,560.

Trading again above 34,830, and most importantly, 34,880, can thwart the bearish scenario, and the index regains its official bullish trajectory with targets 34,960 and 35,000. Note: The risk level is high.

S1: 34630	R1: 34830
S2: 34560	R2: 34960
S3: 34440	R3: 35020