Dow Jones Achieves The Extended Goal

The Dow Jones Industrial Average was able to complete the bullish rally within the expected positive outlook during the previous analysis, surpassing the first target to be touched at 34355, to record its highest level at 34,383.

On the technical side today, and by looking at the 60-minute chart, we find that the RSI continues to defend the bullish trend and continues to gain bullish momentum, accompanied by stochastic positioning around the overbought areas.

From here and steadily trading above the support floor 34,220 and in general above 34,180, the bullish bias is likely today, targeting 34,430 first stop.

It should pay attention well if the breach of 34,430 is confirmed, this will extend the gains of the index so that the way will be directly open towards 34,530 next target station. Activating the correct scenario depends on the price stability above 34,180, and breaking it is able to thwart the attempts to rise and put the index price under temporary negative pressure targeting 34,060 before rising again.

Note: the level of risk is high.

S1: 34180	R1: 34430
S2: 34030	R2: 34530
S3: 33930	R3: 34680