Dow Jones Showing Some Bearish Bias But Favoring The Positive

The Dow Jones turned negative after finding a strong resistance level near 28780.

Technically, despite the bearish tendency, we find the index is intraday above 28460, with the RSI trying to provide positive signals. We believe that the daily trend is still bullish, but in condition of the breach of 28720, and most importantly 28750, to target 28860, and the gains may extend towards 28920.

Warning: trading and remaining below 284600 will lead the index to a strong bearish path, with the initial target around 28320.

Warning: the level of risk may be high and not proportional to expected return, please adhere to the risk criteria.

S1: 28455	R1: 28750
S2: 28320	R2: 28920
S3: 28160	R3: 29050