Bearish Reversal in DJI: $40.4K Rejection Signals Trouble Ahead

$Dow Jones(.DJI)$ : Last week's setup appeared ready for a bounce. The annual $38.3K level held well as support, and the green candle initially suggested continuation or, at the very least, indecision (like a doji candle we've seen). However, today's conviction in the red candle completely changes the landscape. This reflects a clear rejection from the monthly $40.4K level, coinciding with resistance from the weekly 5-period moving average.

The volume gap, highlighted by the double arrow, further supports the thesis of rapid moves between these key price levels ('shelves'). Additionally, the RSI is falling once more.

Based on this price action, the Dow Jones is suggesting potential downside next week. As long as it continues trading below $39,628, the stage is set for a decline towards $38,464 before the potential bounce suggested by the pessimism presented above. Conversely, regaining the $39.6K level could open the door to a bullish target at $40,305.

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The annual $38.3K level held well as support, and the green candle initially suggested continuation or, at the very least, indecision (like a doji candle we've seen). However, today's conviction in the red candle completely changes the landscape. This reflects a clear rejection from the monthly $40.4K level, coinciding with resistance from the weekly 5-period moving average.</p><p style=\"text-align: start;\">The volume gap, highlighted by the double arrow, further supports the thesis of rapid moves between these key price levels ('shelves'). Additionally, the RSI is falling once more.</p><p style=\"text-align: start;\">Based on this price action, the Dow Jones is suggesting potential downside next week. As long as it continues trading below <strong>$39,628</strong>, the stage is set for a decline towards $38,464 before the potential bounce suggested by the pessimism presented above. Conversely, regaining the $39.6K level could open the door to a bullish target at $40,305.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cd8464db18e565ff79e6500d38f9ac02\" tg-width=\"1278\" tg-height=\"790\"></p><h3 id=\"id_3626900078\"> For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"Dow Jones\" href=\"https://ttm.financial/S/.DJI\">$Dow Jones(.DJI)$</a> <strong>:</strong> Last week's setup appeared ready for a bounce. The annual $38.3K level held well as support, and the green candle initially suggested continuation or, at the very least, indecision (like a doji candle we've seen). However, today's conviction in the red candle completely changes the landscape. This reflects a clear rejection from the monthly $40.4K level, coinciding with resistance from the weekly 5-period moving average.</p><p style=\"text-align: start;\">The volume gap, highlighted by the double arrow, further supports the thesis of rapid moves between these key price levels ('shelves'). Additionally, the RSI is falling once more.</p><p style=\"text-align: start;\">Based on this price action, the Dow Jones is suggesting potential downside next week. As long as it continues trading below <strong>$39,628</strong>, the stage is set for a decline towards $38,464 before the potential bounce suggested by the pessimism presented above. Conversely, regaining the $39.6K level could open the door to a bullish target at $40,305.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cd8464db18e565ff79e6500d38f9ac02\" tg-width=\"1278\" tg-height=\"790\"></p><h3 id=\"id_3626900078\"> For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","text":"$Dow Jones(.DJI)$ : Last week's setup appeared ready for a bounce. The annual $38.3K level held well as support, and the green candle initially suggested continuation or, at the very least, indecision (like a doji candle we've seen). However, today's conviction in the red candle completely changes the landscape. This reflects a clear rejection from the monthly $40.4K level, coinciding with resistance from the weekly 5-period moving average. The volume gap, highlighted by the double arrow, further supports the thesis of rapid moves between these key price levels ('shelves'). Additionally, the RSI is falling once more. Based on this price action, the Dow Jones is suggesting potential downside next week. As long as it continues trading below $39,628, the stage is set for a decline towards $38,464 before the potential bounce suggested by the pessimism presented above. Conversely, regaining the $39.6K level could open the door to a bullish target at $40,305. For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":299,"commentSize":0,"repostSize":8,"favoriteSize":0,"link":"https://ttm.financial/post/426754259644696","repostId":0,"isVote":1,"tweetType":1,"viewCount":897,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".DJI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1166,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/426754259644696"}