Dow Jones Retests Support

The Dow Jones Industrial Average was subjected to profit-taking during the previous trading session, nullifying the positive outlook as we expected during the previous analysis, breaking the support level of 34,180 is able to thwart the attempts to rise and put the index price under temporary negative pressure targeting 34,060 before rising again to record lower Its level is 34,065, making up for the losses of the long position.

On the technical side today, and with a closer look at the 60-minute chart, the indicator is stable above 34,060 and the RSI is still trying to get positive signals. We tend to rise, but with caution, targeting a retest of 34,340. Breaking 34,060 may put the index under negative pressure, with the first target of 34,020, then 33,880.

Warning: the level of risk may be high 

S1: 34020	R1: 34340
S2: 33880	R2: 34510
S3: 33710	R3: 34650