E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Pressured by Friday’s Reversal Top

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Pressured by Friday’s Reversal Top

September E-mini Dow Jones Industrial Average futures are edging lower in the pre-market trade on Tuesday after the blue chip average posted a potentially bearish closing price reversal top on Friday before the three-day Labor Day weekend. It was the fourth closing price reversal top since August 30.

Friday’s losses came after the August jobs report came in short of expectations, highlighting continued concern about the spread of COVID and its delta variant. Non-Farm Payrolls increased by 235,000 in August, the Labor Department reported, but economists surveyed by Dow Jones expected 720,000 jobs.