Dow Jones Maintains Its Bullish Corrective Slope

The positive trading continues to dominate the movements of the Dow Jones Industrial Average on Wall Street, within the expected positive outlook, recording its highest level at 33,945.

On the technical side, we tend to the positive side, relying on the continuation of the RSI’s bullish momentum, in addition to stochastic stationing around the overbought areas.

From here and steadily trading above the 33,730 support level, and most importantly 33,640, the bullish bias is likely today, targeting 34,000 first target, and then 34,050, knowing that the confirmation of the latter’s breach extends the index’s gains so that the road is directly open towards 34,150.

Trading below 33,730 postpones the chances of rising but does not cancel them, and we may witness a bearish bias that aims to retest 33,630.

Note: The risk level is high.

S1: 33730	R1: 34050
S2: 33520	R2: 34160
S3: 33400	R3: 34370