Dow Jones Incurs Huge Losses

The Dow Jones Industrial Average incurred heavy losses in the New York Stock Exchange during yesterday’s trading, recording its lowest level during the session around 33,476, to settle around 34,000.

On the technical side today, the intraday movements are witnessing a slight bullish slope as a result of the clear positive signs on the RSI indicator and its bullish momentum.

Therefore, we may witness a bullish corrective slope in the coming hours to retest 34,280 before resuming the decline again. 

The aforementioned bullish correction tendency does not contradict the general bearish trend, whose official targets are around 33,190, as soon as we witness a clear and strong break of the support level 33,590.

Note: The risk level is high.

S1: 33590	R1: 34285
S2: 33185	R2: 34570
S3: 32895	R3: 34980