Dow Jones Remains Negative

The Dow Jones Industrial Average declined significantly during the previous session within the bearish path expected in the previous analysis, touching the first target at 28370, posting a low at 28024.

Technically, we are biased towards the negativity, given that trading remains intact below the broken support-into-resistance at 28330 with negative pressure for the 50-day moving average.

Consequently, we will maintain our negative expectations, knowing that breaking 28140 facilitates the mission required to visit 27890 and losses may extend later towards 27340.

Only from the top, surpassing the resistance level at 28330 is able to negate the bearish scenario, and the index regains recovery with an initial target of 28530. Warning: The risk level may be high.

S1: 27890	R1: 28535
S2: 27635	R2: 28920
S3: 27250	R3: 29175