Dow Jones Industrial Faces Temporary Negative Pressure

The Dow Jones Industrial Average managed to achieve our bullish targets located at 28190, just shy of 28240, recording its highest level at 28230.

Technically, despite the bearish trend, we are biased towards negativity, relying on negative signs appearing on the RSI and staying below the 50 midline.

Therefore, we may witness downside movements during the coming hours, provided that the breach of 27700 is confirmed to target 2760 then 27630.

 Trading above 28000 will stop the bearish intraday bias and will return to the upside with the initial target of 28230.

S1: 27490	R1: 28190
S2: 27165	R2: 28560
S3: 26790	R3: 28895