Timelessfx Evening Dow Charts Levels and News

The Dow closed lower due to profit taking on Tuesday as it consolidates some
of this year's rally. The low-range close sets the stage for a steady to lower

daily Time frame

opening on Wednesday. Stochastics and the RSI are overbought but remain neutral
to bullish signaling that sideways to higher prices are possible near-term. If
the Dow extends this year's rally into uncharted territory, upside targets will
be hard to project. Closes below the 21-day moving average crossing at 14,098
are needed to confirm that a short-term top has been posted. First resistance
is today's high crossing at 14,478. Second resistance is hard to project with
the Dow not trading into uncharted territory.
However i have placed some fib extension for possiable targets
First support is the 10-day
moving average crossing at 14,249. Second support is the 20-day moving average
crossing at 14,098.

4hr time frame

hrly time frame