The Dow Jones Industrial Average jumped to achieve record gains within the expected positive outlook, in which we targeted 34,690 levels, to record a high of 34,721.
On the technical side, the RSI indicator continues to defend the upside, in addition to stochastic concentrating around overbought areas.
With the stability trading above the support level of 34,560 and the most important 34,450, the bullish scenario remains valid, targeting 34,810 first targets, then 34,950.
From the bottom, trading below 34,450 cancels the activation of the bullish scenario completely, and we may witness a bearish bias, with initial target 34,230.
Note: The risk level may be high.
S1: 34450 | R1: 34810 |
S2: 34230 | R2: 34950 |
S3: 34090 | R3: 35170 |