Dow Jones May Witness Downside Moves

The Dow Jones Industrial Average achieved the first expected target at 36,400, to record its highest level at 36,440.

On the technical side today, by looking at the chart, we find that the RSI starts sending warning signals and notices clear overbought signs on Stochastic.

Accordingly, the index may announce bearish corrective movements aimed at retesting 36,110, a first target, knowing that the confirmation of breaking 36,110 opens to door to visit 35,980.

From above, Rising above 36,400 can thwart those above bearish corrective scenarios, and we may witness a temporary bullish bias that targets 36,600.

Note: the level of risk is high

S1: 35980	R1: 36400
S2: 35750	R2: 36600
S3: 35555	R3: 36830