MYM1 - Micro E mini Dow Jones Industrial Index Daily Technical Analysis
The Dow Jones Industrial Index continues to trade below its 21-day moving average, with selling pressure remaining in control.
After breaking below the 52,255 support level, technical indicators remain negative and have not yet reached oversold territory, suggesting that selling pressure may continue.
Ongoing concerns about a potential AI bubble, combined with sharp declines in several major technology stocks, may indicate that the risk of such a bubble unwinding has increased. Based on the current technical outlook, we believe the index could remain under selling pressure. If the 51,692 support level is broken to the downside, the probability of a deeper decline could increase.
Resistance: 52,255 – 53,114
Support: 51,692 – 50,386 – 49,867
This is not investment advice.
The Dow Jones Industrial Index continues to trade below its 21-day moving average, with selling pressure remaining in control.
After breaking below the 52,255 support level, technical indicators remain negative and have not yet reached oversold territory, suggesting that selling pressure may continue.
Ongoing concerns about a potential AI bubble, combined with sharp declines in several major technology stocks, may indicate that the risk of such a bubble unwinding has increased. Based on the current technical outlook, we believe the index could remain under selling pressure. If the 51,692 support level is broken to the downside, the probability of a deeper decline could increase.
Resistance: 52,255 – 53,114
Support: 51,692 – 50,386 – 49,867
This is not investment advice.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.