Dow Jones Based On Support

The movements of the Dow Jones Industrial Average tended to be negative during the previous trading session, seeing that the current moves stabilized below the 29690 level.

Technically, looking at the 60-minute chart, the index is still trading steadily above the 29425/29430 support floor, with the RSI stable above its midline, with the stochastic eliminating the current negativity.

Therefore, as long as trading remains above the aforementioned support, the bullish scenario will remain intact, knowing that the breach of 29690 facilitates the mission required to visit 29830 as a first target, followed by 30045.

Activating the suggested scenario requires stability above 29425, and breaking it will stop attempts to rise and put the price under strong negative pressure, targeting 29240. Warning: The level of risk is high.

S1: 29425	R1: 29830
S2: 29240	R2: 30045
S3: 29030	R3: 30235