Dow Jones is Making Significant Gains

The Dow Jones Industrial Average succeeded in building a support level at 34,400, which forced it to rebound upwards, recording its highest level at 35,436.

On the technical side today, we notice that the 50-day moving average continues holding the price from below, accompanied by the RSI’s defense on the daily bullish trend.

Therefore, the bullish bias is likely today, targeting 34,475 first targets, then 35,545 next stations, and its breaching increases and accelerates the strength of the daily bullish trend, to be waiting for 35,660. Activating the bullish scenario depends on the index’s stability in maintaining trading above the 34,400 level.

S1: 35290	R1: 35475
S2: 35180	R2: 35545
S3: 35100	R3: 35660