Dow Jones Retest Support

The Dow Jones Industrial Average found a strong resistance level near 31,500, seeing the current moves of the index a slight bearish slope.

On the technical side today, we tend to be negative, but cautiously depending on trading stability below the aforementioned level, in addition to the negative signs that started to appear on the stochastic indicator.

Confirmation of breaching the support level of 31,340 facilitates the task required of touching our first awaited target 31,210. Moving upward, stabilizing the price above 31,500 and most importantly 31,540 is able to thwart the bearish tendency and lead the index to the bullish path with the first target of 31,720.

S1: 31210	R1: 31540
S2: 31050	R2: 31720
S3: 30870	R3: 31870