Chart of the day

DJIA has been rejected from the strong resistance 35600 and is testing 35000. A confirmed break below 35000 is required for a downside reversal and a break above the 35600 is needed for an extension higher.

We are still in this Inverse H&S bullish formation with the most important support at 34900. A break below 35000 followed by 34900 can lead to a substantial reversal lower to 33900.

Long trade, you can open if we get a break above 35400 again. Short trade entries you can open only in the case of a break below 35000 Stay aside for now and look for price action breaks before trade entries.