Dow Jones Attacks a Barrier of 30,000

The Dow Jones Industrial Average continues to achieve gains, touching goal mentioned in the previous analysis at 29,960, approaching 2^nd target of 30,000, reaching a peak at 29,994.

Technically, looking at the 60-minute chart, we find the RSI is still providing positive signals, with the stochastic oscillating around overbought areas.

From here, as long as trading remains above 29575, the bullish scenario will remain intact, targeting 29965, bearing in mind that confirming the breach of the psychological barrier 30000 confirms the strength of the bullish trend and opens the way towards 30170 and may extend to 30280.

Activating the bullish scenario requires stability above 29570. Note: The risk is still high.

S1: 29575	R1: 29965
S2: 29395	R2: 30170
S3: 29185	R3: 30350