The current price: 34,244
Key point: 34282
Our preferred direction: short positions below 34282 levels, targeting 33900 as a first target, then 33600 as a second target.
Alternative scenario: stop loss and change direction by breaking 34282, targeting 34840
Technical comment
The Dow Jones index reached its targets to rise to 34282 levels, after breaching the descending channel from the top of last December, so that some bearish correction is expected from these levels, to retest the breached channel at 33660 levels, and from there the ascent begins again.
