DOW JONES: LH rejection starts next bearish wave to 1W MA200.US 30CAPITALCOM:US30InvestingScopeDow Jones is almost overbought on its 1D technical outlook (RSI = 69.498, MACD = 110.160, ADX = 56.780) and looks like it hit the new top. That would be a LH trendline just like on the 2022 Bear Cycle and particularly on the April 22nd high when it was rejected. Even the 2025 correction to the 1W MA200 made a Double Top, while its 1W RSI was under a LH structure. If the market does start to decline from here as in 2022, the target should be the 1W MA200 again (TP = 41,000), technically the long term Support. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##