Dow Jones Continues to Achieve Gains

The Dow Jones Industrial Average continued to achieve records, reaching the official target expected to be achieved during the previous analysis at 36,050, recording its highest level of 36,065.

On the technical side, we tend in our trading to the positive, but cautiously, relying on the stability of the intraday trading above the 35,870 support level, accompanied by the continued defense of the RSI for the bullish direction, stable above the mid-line 50.

The bullish trend is preferred here, knowing that the breach of 36,075 is a catalyst that enhances the chances of the index rising to visit 36,170 and 36,280, respectively.

The infiltration below the support level 35,870 negates the activation of the suggested bullish scenario. It puts the price under negative pressure, with its initial target located around 35,760, and it may extend towards 35,665.

Note: Today we are waiting for US employment data and it may have a high impact on the index’s movements.

S1: 35870	R1: 36075
S2: 35760	R2: 36170
S3: 35665	R3: 36280