US30 Signals Bearish Flag Pattern Critical Support at Risk of Breakdown

DOW JONES was down on Thursday morning after testing the high level of 42707 in the last trading session as the ADP employment report revealed just 37,000 private-sector jobs were added in May—well below forecasts and the weakest reading in over two years—amplifying fears that ongoing trade policy uncertainty is weighing on hiring. Further pressure came from the ISM services PMI, which showed the sector contracted in May for the first time in nearly a year.
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