Dow Jones is Making Significant Gains

A bullish tendency dominated the Dow Jones Industrial Average, within the positive outlook, as we expected, touching our required target to achieve 35,360, recording its highest level at 35,370.

Technically, looking at the 60-minute chart, we find that the RSI is still defending the bullish bias, and Stochastic is still around the overbought areas.

From here and steadily intraday trading above 35,240 and generally above 35,165, the bullish scenario remains valid and effective, targeting 35,425, knowing that its breach increases the strength of the bullish bias that the road is open to visit 35,530.

The return of trading stability below its support level 35,165 will stop the suggested bullish bias, and put the index price under negative pressure, with its initial target of 34,990.

Note: the level of risk is high.

S1: 35165	R1: 35425
S2: 34990	R2: 35530
S3: 34880	R3: 35695