The Dow Jones Industrial Average is currently trading in a sharp downtrend, having failed to hold above the 39,000 level, as selling pressure has returned strongly since the beginning of the week. According to technical data on the hourly chart, the index is now approaching a critical support area, which may determine its trajectory for the coming period.
Current Price and Overview
- Current Price: 38,768 points
- General Trend: Down
- Last broken resistance: 39,010
- Next critical support: 38,222
Gradual decline from the 40,000 high
Selling momentum remains dominant
Sharp decline below the moving averages
Dow Jones Industrial Average (DJI) Technical Analysis
General Trend:
The index is moving within a short-term downward channel, unable to return above the 39,000 resistance level, maintaining the negative outlook. Technical Indicators:
- MACD: Clearly in the negative zone
- Stochastic Oscillator: Showing a slight bounce from the oversold zone, which may support a temporary correction.
- Moving Averages: All averages (20, 50, 200) are above the current price, acting as dynamic resistance zones.
Today’s Technical Outlook
Probably Scenario:
If the selling momentum continues, the index is expected to target the support level of 38,516 and then 38,222, which represents a critical pivot point.
Alternative Scenario:
In the event of a technical rebound, the resistance level of 39,010 will be the first challenge, and a break above it would be an initial sign of a positive turn.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 39105.5 | 38511.6 |
| Target Point 1 (TP1) | First resistance: 39330.3 | First support: 38222.7 |
| Target Point 2 (TP2) | Second resistance: 39800.5 | Second support: 38170.8 |
| Stop Loss (SL) | 38511.6 | 39105.5 |
The Dow Jones Industrial Average is showing clear selling pressure, and today’s session could be decisive in determining the direction of the short-term trend. Consolidation above 38,500 would be positive, while a break below 38,222 could trigger a new downward trend.
