Dow Jones Settled Above Support

Positive moves dominate the Dow Jones Industrial Average on Wall Street, recording a high of 30,225.

On the technical side, we tend to be positive in our trading, but cautiously depending on the index’s price base above the 30,000/29,990 support level, accompanied by the persistence of stochastic centring around overbought areas.

Therefore, the bullish scenario will remain valid and effective, provided that the breach of 30,170 is confirmed, targeting 30,260 first targets, and then 30,360 next stations.

The return of trading to stability again below 30,000/29,990 is capable of failing the suggested scenario, and we are witnessing a bearish slope targeting 29,890 and extending towards 29,790.

Note: the level of risk is still high.

S1: 30025	R1: 30260
S2: 29890	R2: 30360
S3: 29790	R3: 30495