Dow Jones touches the bearish target 27/4/2023

As we expected during the previous technical report, a bearish trend dominated the Dowjono Industrial Index, surpassing the bearish targets required to reach the official target of 33,310, recording its lowest level at 33,233.

Technically, and with careful consideration on the chart, the simple moving average continues to negatively pressure the price from above, in addition to the negative signals coming from the RSI, which is stable below the mid-line 50.

Therefore, the bearish scenario remains the most favorable during today’s session, targeting 33,230, and then 33,190, the next expected station, as long as trading remains stable below the resistance level of 33,590.

Note: The risk level is high.

Note: Today, we are awaiting high-impact economic data issued by the US economy, the reading of the gross domestic product, and we may witness price fluctuations at the time of the news.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 33190	R1: 33590
S2: 32990	R2: 33825
S3: 32770	R3: 34000