Dow Jones Continues to Gain Ground

The Dow Jones Industrial Average continues posting gains, touching the first target mentioned in the previous analysis at 28740, posting a high of 28,843.

Technically speaking, looking at the 60-minute chart, we find that the index continues to get a positive sign from the 50 SMA, which continues to hold the price in addition to building its base above the 28550 support.

We maintain our positive outlook towards a second target 28920, then 29100, and it may extend later towards 29190. The activation of the bullish scenario depends on trading remaining above 28550, and breaking the aforementioned level will immediately stop the daily bullish trend, and we may witness negative trades targeting 28325. Warning: The risk level may be high

S1: 28550	R1: 28920
S2: 28325	R2: 29070
S3: 28175	R3: 29295