The Dow Jones now approaching the support of 32,934. A dip below this support level could see the index slide lower to around 32,500

Taking a look at the Dow Jones after Disney is weighing it down, Disney is currently down over 8% which is having a partial negative impact on the index. Currently trading at around 33,163, looking on the daily interval, we can see that last week the bullish trend was broken and this week the resistance was too overpowering (ascending trendline). The Dow is now approaching the support level at 32,934 (highlighted by the horizontal trendline). A break below 32,934 could see a decline lower towards 32,495. If the index consolidates around 32,934, we can then look towards the upside with resistance levels at 33,358 followed by 33,577. A move above 33,577 could see a rise higher towards 33,750. Over to the indicators, MACD remains negative and RSI is faltering as it now reads 42.