Dow Jones is looking for opportunities to rise 9/8/2023

The Dow Jones Industrial Average found solid support near 35,080, forcing it to form a bullish attack again, recording a high of 35,510.

On the technical side today, we are positive, depending on stochastic’s attempts to eliminate temporary negativity and the 14-day momentum indicator’s attempts to gain more bullish momentum.

Therefore, the possibility of achieving more gains may be present and effective, provided that we witness a clear and strong breach of the resistance level of 35430, and that is a catalyst that increases and accelerates the strength of the bullish trend, targeting 35,570 and 35,760 as initial targets.

Only from below, infiltration below 35,140 can thwart the suggested scenario and puts the index under negative pressure to retest 34890 before attempting to rise again.

Note: the risk level may be high.

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: 35140	R1: 35570
S2: 34890	R2: 35760
S3: 34705	R3: 36000