Dow Jones Maintains a Bullish Path

Positive trading returned to dominate the movements of the Dow Jones Industrial Average at the New York Stock Exchange after it succeeded in surpassing the resistance level of 33,800, indicating that this would immediately stop the bearish tendency and lead the index to the official bullish path with an initial target of 33,930, to record the index as high as 33,960.

On the technical side, we tend to be positive in our trading, but cautiously depending on the index getting bullish momentum from the RSI in addition to an intraday consolidation above 33760.

We are targeting 34,030/34,040 first goal, and then 34,140 next stop. The suggested scenario requires stability above 33760.

Note: the level of risk is high.

S1: 33760	R1: 34040
S2: 33580	R2: 34140
S3: 33480	R3: 34320