Dow Jones maintains a positive consistency 26/10/2022

The Dow Jones index achieved highs as expected, touching the first official target required at 32,000, recording its highest level at 32,147.

Technically, the index continues trading above the 50-day simple moving average, supporting the bullish price curve. This comes in conjunction with stochastic’s attempts to eliminate the intraday negativity.

Therefore, with daily trading remaining above 30,920, the bullish bias is the most likely during the day, knowing that the consolidation above 32,145 increases and accelerates the strength of the bullish bias, opening the door to 31,290 and then 32,270, respectively.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 31750	R1: 32190
S2: 31510	R2: 32390
S3: 31310	R3: 32640