The Dow Jones 30 steadies as traders await Fed minutes. A long upper wick in the supply zone near 34400 suggests rejection after the index struggled to grind higher. A drop below the swing low of 33520 has put the bulls on the defensive. A rising trendline has been supporting the choppy rally in the past two months and is an important level to keep the trajectory up. Its breach at 33480 could trigger a broader liquidation towards the daily support at 33000. 34000 is the first hurdle before the price could make its way back.
