Dow Jones formed a bearish wedge formation and testing the higher line. Also, the z-score is currently reversed from over the +2 standard deviation zone. The last two times when the z-score reverses near the +2 standard deviation, the price also turns to the downside from the higher line of the wedge pattern. 303015 resistance will be the key for the short-term. If the price continues to stay below this level, 29900 can be a good target.
Even if there are a lot of bearish signals we should not forget about incoming news from FED, ECB, Brexit, and EU Counsel. In the next two weeks, starting from tomorrow a lot of new information will be received. A break above 30315 may lead to rapid advances.
