Dow Jones: Retesting The Resistance

The Dow Jones Industrial Average declined noticeably, heading towards the official target to be touched of 34,480.

On the technical side today, the current movements of the indicator are witnessing a slight bullish slope on the short time frames, accompanied by the RSI attempts to provide positive signals, in addition to stabilizing the intraday trading above the minor support level 34,650.

Therefore, there is a possibility of a slight bullish bias in the coming hours to retest 34,940 and 35,000 respectively, before attempts to decline again.

Note: the slight bearish bias does not contradict the daily bearish trend, with official targets around 34,300 as soon as 34,650 is broken. Note: the risk level may be high today.

S1: 34505	R1: 34940
S2: 34280	R2: 35155
S3: 34070	R3: 35375