Source: PaxForex Premium Analytics Portal, Technical Insight

The U.S. stock market closed Monday's trading with a decline amid negative dynamics from the consumer goods, technology and consumer services sectors. The Dow Jones was down 0.36% at the close of trading on the New York Stock Exchange.

Dow Jones 30, H4 

Pivot: 34040.00

Analysis:

Provided that the index is traded below 34260.00, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 34040.00
• Take Profit 1: 33890.00
• Take Profit 2: 33700.00

Alternative scenario: 

In case of breakout of the level 34260.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 34260.00  
• Take Profit 1: 34360.00
• Take Profit 2: 34540.00

Comment:

RSI indicates a downtrend during the day.

Key levels:

Dow Jones 30, D1

Pivot: 34137.00

Analysis:

While the price is above 33120.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 34137.00
• Take Profit 1: 34930.00
• Take Profit 2: 35530.00

Alternative scenario:

If the level 33120.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 33120.00  
• Take Profit 1: 32000.00
• Take Profit 2: 30880.00

Comment:

RSI is bullish and indicates a mid-term uptrend.

Key levels: