The Dow Jones Industrial Average achieved good gains in the previous trading session, approaching the official target by a few points at 35,420, posting a high of 35,402.
On the technical side today, stochastic is centered around overbought areas that support the possibility of a rise. This comes in conjunction with the positive signals on RSI.
From here, and steadily trading above the support level 35,220/35,200, the bullish scenario remains valid and effective, targeting 35,370 and then 35,460, respectively.
Trading below 35,200 can completely thwart the bullish scenario, and the index will face intense negative pressure, with its initial target of 35,160, extending later to visit 35,075.
Note: The risk may be high.
S1: 35220 | R1: 35370 |
S2: 35165 | R2: 35460 |
S3: 35075 | R3: 35520 |