Dow Jones - 4 hourly - upside targets of 34,000. With support below at 33,494. RSI has just come out of oversold conditions.

Technicals

The Dow Jones on the 4 hourly timeframes was oversold and has just recovered back above 30. This last happened in February and April were the index bounced higher on both occasions. On the downside, support sits at 33,494. If this breaks, the index could continue lower, so a stop would be placed here. Towards the upside, initial targets are 34,000, followed by 34,125. With earnings season starting this week, it will likely be a choppy ride for a lot of index funds.