The Dow Jones Industrial Average (DJIA) is targeting its 200-day moving average at 25,125, according to James Dima, technical analyst at Marex Spectron.

Having broken below its 20-day moving average at 25,709 (black line), Dima says the next support level for the DJIA is the 200-day moving average at 25,125 (blue line). He thinks such price action would reinforce his bearish view on the S&P.

See Chart.