Dow Jones Re-test Support

The Dow Jones Industrial Average succeeded in achieving the expected positive outlook mentioned in the previous analysis, touching the second target to be achieved, which is located at 31,490, recording its highest level during the previous session’s trading 31,634.

On the technical side today and in the short time intervals it indicates the possibility that we will witness a bearish tendency due to the index getting negative signals from the RSI.

We aim to re-test the first target 31,180, and breaking it puts the price under negative pressure, its second target 31,080. Only from the top is trading above 31,630 capable of cancelling the temporary bearish bias and the index regains the official bullish path with the target of 31,920.

S1: 30825	R1: 31395
S2: 30560	R2: 31700
S3: 30250	R3: 31970