Dow Jones Continues to Achieve Bullish Targets

The Dow Jones Industrial Average managed to touch our first target yesterday at 35,970, recording its highest level of 35,970.

On the technical side, today, we tend to the positivity, but with caution, relying on the positive motive of the 50-day moving average, coinciding with the RSI’s continued defense of the bullish direction.

With intraday trading remaining above the 35,790 support level, the bullish bias is the most preferred, provided that we witness a clear and strong breach of the 35,890 resistance level, targeting 35,970, knowing that its breach is a catalyst that contributes to achieving record gains of 36,000 and 36,050 initially.

Trading below 35,730 can ultimately thwart the suggested bullish scenario and put the index price under intense negative pressure, with initial target around 35,460.

S1: 35730	R1: 36000
S2: 35575	R2: 36120
S3: 35460	R3: 36270