The Dow Jones is Looking For Extra Momentum

The Dow Jones Industrial Average movements witnessed an uptrend, building a base at 34,950 support floor to retest the 35,130 level.

Technically, we find the 50-day moving average that continues to provide a positive motive, accompanied by stochastic positioning around the overbought areas.

This supports the chances of forming an ascending attack. Trading above 35,130 is a motivating factor that enhances the chances of visiting 35,240 first target, and gains may extend later towards 35,360.

Stability above the support level of 34,950 is an essential and basic condition to activate the suggested bullish scenario, and breaking it will negate the suggested ascent attempts. We will witness a bearish bias that targets the retest of 34,770.

Note: the risk level may be high today.

S1: 34950	R1: 35240
S2: 34785	R2: 35360
S3: 34670	R3: 35520