The Dow Jones 30 slips as investors fret that the Fed may go too far in its tightening. Bearish inertia prevails as buyers remain on the sidelines. The few bulls who are still in the market are struggling to hold above February 2021’s lows (29750). A bullish RSI divergence suggests a slowdown in the downward impetus. But buyers have the challenging task of clearing the former support at 31000 before they could draw more attention. Strong selling pressure could be expected as trend followers would look to fade rebounds.
