DJI is facing bearish pressure. Potential drop.

Description:
Price broke below longer term ascending trendline support (now resistance). Price is also holding below shorter term descending trendline resistance. With MACD below 0, further bearish momentum can be expected. A drop below our pivot at 31528 towards 1st support at 31279 can be possible. Otherwise price could swing the other way towards 31679 1st resistance.

Pivot: 31528
Supporting Points:
61.8% Fibonacci retracement, descending trendline resistance

1st Support: 31279
Supporting Points:
Graphical swing low

1st Resistance: 31679
Supporting Points:
Graphical swing high
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