The next move is clearly depicted in the chart above.
We are looking at a and .
After a failed bounce, EMA50 (26677.5) is going to be tested next. If this level fails, the DJI is very likely to move lower all the way to 26198.9.
At this level, 26198, a small jump can happen and depending on market conditions, the DJI will either bounce or go lower.
Lower is the what we are looking at right now.
Thanks a lot for reading.