DOW JONES: Massive downside if this level breaks.US 30CAPITALCOM:US30InvestingScopeDow Jones is under high volatility today due to the news and just turned marginally bullish again on its 1D technical outlook (RSI = 55.55, MACD = 502.650, ADX = 43.608). Today's low came very close to the bottom of the Channel Up of the past 6 weeks. With the 1D MA50 approaching fast from below, a break below this pattern can kickstart a massive correction, same as the one that took place in February-March after an identical Channel Up broke under its 1D MA50 as well. The signal that called this correction early was a LH Bearish Divergence on the 1D RSI, same as what we have today. Consequently, it the 1D MA50 breaks, we first expect a 1D MA200 test (TP1 = 48,400) and if it closes a week under it, a 1W MA100 test (TP2 = 45,650). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##