Dow Jones Under Fire: Selling Pressure Mounts as Gains Are Trimmed 23/4/2026

A downward trend has returned to dominate the Dow Jones Industrial Average on Wall Street after it failed to break above the 49,800 level, forcing it into negative territory.

Technical Outlook for Today’s Session – 4-Hour Timeframe:

The Relative Strength Index (RSI) is giving negative signals, remaining below the 50 midline, reflecting weak momentum. Additionally, the price remains below the 50-day simple moving average.

Likely Scenario:

From here, with the price holding below the 49,550 resistance level, there is a possibility of the downward trend resuming with targets of 49,050. A break below this level would extend losses towards 48,750.

It’s worth noting that a return to a price level above 49,550 could lead to a rapid recovery towards 49,730 and 50,000.

Caution: The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.

Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.

S1: 49045	R1: 49730
S2: 48750	R2: 50110
S3: 48370	R3: 50405