Dow jones

By Vicky Sharma

Global Indices

, 4 hours

long

#Technical

#Consolidation

Range

Resistance 1 35008
Quote Price 34579
Support 1 34000

On the 4 hour chart, we can see that at the moment we have some consolidation near the trendline as the economic data sends mixed signals. The selloff from the resistance led to a moving averages crossover and we might see the sellers leaning on the red 21 moving average here to position for a break below the trendline.