Dow Jones Technical Analysis - Will it go below 30,000

Dow Jones, the widely followed stock market index, has experienced a decline in recent days after a strong upside rally from October to December 2022.

Technical analysis reveals that the index has broken an important support level and is showing a bearish trend. Additionally a Harmonic bat pattern has emerged, indicating a potential minimum target of around 29950.

As a result, caution is advised for traders, with a potential for selling pressure from above. Stay informed with our in-depth analysis of Dow Jones.