Dow Jones Added More Gains

The Dow Jones Industrial Average managed to achieve strong gains in the previous session, touching our awaited target at 28110, peaking at 28190.

Technically, we tend to be positive, but very cautiously depending on the RSI consolidation above the 50 on the short time intervals of the positive stimulus from the simple moving averages.

The bullish bias will be likely, targeting 28220 as a first target, and confirming its breach will enhance the chances of an upside move towards 28470.

Returning to trading below the resistance-into-support 27500 will negate the bullish scenario, and we may witness negative trades targeting 27220.

Warning: The level of risks is high and all scenarios are on the table in light of the market’s anticipation of the results of the US elections.

S1: 27075	R1: 27810
S2: 26645	R2: 28105
S3: 26350	R3: 28540