Dow Jones Settles Below Support

The Dow Jones Industrial Average succeeded in touching the first target at 33,900 and is gradually approaching the second target of 33,600, to record its lowest level at 33,680.

The technical side today indicates the possibility of continuing the decline, depending on the trading below the previously broken support-into-resistance 33,900, in addition to the stability of the RSI below its mid-line.

Therefore, the bearish scenario remains the most preferred today, targeting the 33,630 first target, knowing that breaking it will extend the index’s losses to pave the road to visit the second target around 33,570, and losses may extend later 33,330.

From the top, it has crossed upwards and climbed above 33,900 resistance, and most importantly, 33,970 can temporarily stop the daily bearish trend. We are witnessing a bullish intraday track, with its initial target 34,170. Note: The risk level is high.

S1: 33570	R1: 34170
S2: 33330	R2: 34520
S3: 32980	R3: 34765