Dow Jones continues its bullish impulse 14/4/2023

During the previous technical report, a noticeable surge for the Dow Jones Industrial Average on Wall Street within the expected positive outlook, surpassing the official target 34,080, recording its highest level 34,182.

On the technical side today, as the index continues to receive a positive impulse from the 50-day simple moving average, and this coincides with the continuation of bullish momentum signs on short-term intervals, in addition to Stochastic’s attempts to get rid of the current negativity.

Therefore, the bullish scenario remains valid and effective, but with caution, provided that we witness the breach of 34,180, which increases and reinforces the chances of achieving strong gains that start at 34,360 and extend towards 34,450, as long as daily trading is stable above 33,700.

Note: The level of risk may be high and not commensurate with the expected return.

Note: Today we are awaiting high-impact economic data issued by the US economy, the “Retail Sales” index and the “University of Michigan Preliminary Consumer Confidence” index, and we may witness high volatility at the time of the news release.

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: 33705	R1: 34180
S2: 33400	R2: 34360
S3: 33230	R3: 34660