Dow Jones Suffered Heavy Losses

The Dow Jones Industrial Average traded positively on Wall Street during the previous trading session, recording its high at 30,710.

On the technical side, today we find the index succeeded in building a base on support floor 30,410 and the most important 30,380, and we find the RSI indicator providing positive signals on short intervals.

Therefore, the bullish bias is likely today, targeting 30,710 as a first target, bearing in mind that trading above the aforementioned level is a catalyst that enhances the chances of an upside towards 30,800.

From below, the return of trading stability below 30,380 is capable of negating the suggested scenario, and we may witness negative movements with an initial target around 30270.

Note: the level of risk is high.

S1: 30410	R1: 30710
S2: 30265	R2: 30850
S3: 30110	R3: 31010