Dow Jones Trying to Build on Support Again

Mixed trades dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange with the first trading of this week, to find a good support floor around 34,090, to witness the current moves, an upward slope, targeting a re-test of 34,370.

On the technical side today, with the price continuing to build an intraday above 34,170, in general, above the solid support floor located at 34,090, in addition to the positive signs coming from the RSI on short time frames.

This increases the possibility of an upward slope in the coming hours, provided that 34,370 breaches are confirmed, and that opens the way for the index to visit 34,465 first targets, and then 34,570 next stops.

From below, in case a breach of 34,090 is confirmed, this is capable of failing the bullish intraday scenario, and the index radiates under strong negative pressure, and its initial targets are around 33,880.

Note: The risk level is high.

S1: 34170	R1: 34465
S2: 33985	R2: 34570
S3: 33880	R3: 34760