The Dow Jones Industrial Average (DJI30) suffered sharp losses on Wall Street, impacted by widespread profit-taking after a record-breaking rally.<\/p>\n\n\n\n
Technical Outlook for Today’s Session \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
The 50-period Simple Moving Average (SMA) supports the upward trend and acts as a support level, attempting to push the price higher.<\/p>\n\n\n\n
The Relative Strength Index (RSI) continues to give negative signals despite clearly reaching oversold territory, reflecting the strength of the immediate downward bias.<\/p>\n\n\n\n
Likely Scenario:<\/p>\n\n\n\n
Given the conflicting technical signals, we prefer to monitor price action:<\/p>\n\n\n\n
A confirmed break below the 47,500 support level could pave the way for a move towards 47,200. Conversely, a return to stability above the 47,830 resistance level would lead the index to attempt a recovery within the official upward trend, targeting 48,210 and potentially 48,340.<\/p>\n\n\n\n
Caution: The risk level is high and may not be commensurate with the potential return.<\/p>\n\n\n\n
Warning: The level of risk is high amid ongoing trade and geopolitical tensions, and all scenarios are possible.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n The Dow Jones Industrial Average (DJI30) suffered sharp losses on Wall Street, impacted by widespread profit-taking after a record-breaking rally. Technical Outlook for Today’s Session \u2013 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) supports the upward trend and acts as a support level, attempting to push the price higher. The Relative Strength Index (RSI) …<\/p>\n","protected":false},"author":9,"featured_media":120899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7192,11285],"class_list":["post-120888","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-dow","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120888"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120888\/revisions"}],"predecessor-version":[{"id":120900,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120888\/revisions\/120900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/120899"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 47200<\/strong><\/td> R1: 48210<\/strong><\/td><\/tr> S2: 46850<\/strong><\/td> R2: 48855<\/strong><\/td><\/tr> S3: 46200<\/strong><\/td> R3: 49210<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"