Dow Jones Settled Below Support

Negative trading dominated the movements of the Dow Jones Industrial Average, with the conclusion of last week’s trading, touching our first awaited target, located at 29,950, recording the lowest price of 29,752.

Technically, we tend to be negative in our trading, relying on trading stability below the previously broken support, which turned into resistance at 30,380 and generally below 30,470, in addition to the negativity of Stochastic.

Consequently, the bearish scenario will remain valid and effective targeting 29,730, then 29,680 next stops. The bearish scenario depends on trading stability below 30,480.

S1: 29680	R1: 30375
S2: 29375	R2: 30750
S3: 29000	R3: 31065