Dow Jones (US30) Chart Technical Outlook faces strong support at 34,300 to continue lower
Dow Jones (US30) broke below a bullish trendline support. After the hawkish pause from the Fed yesterday, the risk aversion sentiment could push prices lower. Technical indicators point to more weaknesses.
The SNB and the BOE meetings are scheduled today. The US calendar has the Initial Jobless Claims.
I expect more downside price action, but first, It needs to break below 34,300 to resume lower.
Resistances: 34,700, 35,000
Supports: 34,100, 33,700