Dow Jones Starts Negatively

The Dow Jones Industrial Average hit the 35,680 resistance level, which forced the index to trade negatively after several consecutive rising sessions.

On the technical side today, the current moves are witnessing a bearish bias due to the stability of the intraday trading below the resistance level 35,680, as we find that the RSI started defending the bearish bias over the short periods.

Therefore, there is a possibility of a bearish tendency in the coming hours, knowing that trading below 35,540 facilitates the task required to visit 35,390, and losses may extend to visit 35,240.

Skipping the upside and rising again above the 35,680 resistance level can thwart the bearish scenario mentioned above, and the index will recover so that we will be waiting for 35,830.

S1: 35390	R1: 35680
S2: 35240	R2: 35830
S3: 35100	R3: 35980