Positive trading continues to dominate the Dow Jones movements on Wall Street, recording its highest level at 34,752.
On the technical side, we tend to positivity, with the index trading flat above the support floor of 34610/34590, with the index getting positive signs from the RSI.
Therefore, the bullish bias is likely today, but the breach of 34730 needs confirmation to target 34770 as the first target. Crossing up to the 34770 level would accelerate the bullish bias, targeting 34840.
Breaking the support level of 34610 and the key level of 34590 can pour cold water over the bullish attempts and put the index under negative pressure, targeting 34520, and losses may extend later to visit 34455.
S1: 34615 | R1: 34770 |
S2: 34520 | R2: 34840 |
S3: 34455 | R3: 34930 |