Dow Technical update

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Dow’s convincing break abv Apr 1 high of 17,811 yesterday has undoubtedly opened doors for a cut through 18K lvls and rise towards July 2015 high of 18,130 lvls.

However, daily RSI still remains below its previous reached earlier this month, which indicates short-term loss of momentum if not bearish takeover.

This means a drop to 17,800 lvls and violation that shall end up sending index lower to 17,500 lvls.

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