Dow Jones - Daily

The Dow Jones seems to have stalled recently with another swing lower possible.

Technicals

The Dow Jones has stalled recently and could go in either direction. That being said, buying on drops and dips seems to be working. A cross-over of the 20 & 50-period moving average (red and green lines) would help re-affirm the potential bullish outlook. A fall in the index towards the moving average seems possible, where then a buying opportunity could arise. Even so, the tough resistance above sits at 33,500 (red trendline). Until this level is broken the medium-term outlook remains natural, with the short-term more bullish until this level is reached. Buying on dips seems favourable.

Summary