Dow Jones Continues to Work Within an Upward Correction

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street during the previous session’s trading, heading to touch the first target to be achieved, at 35,255, recording its highest at 35,370.

On the technical side, the RSI continues to defend the temporary bullish trend, coinciding with the positive motive for the 50-day moving average.

From here, and trading is above the support level of 35,185, the bullish bias is likely today, complementing the second target of the previous analysis 35,420/35,440, knowing that the confirmation of the recent breach is a catalyst that enhances the chances of the index rising so that the door is directly open towards 35,530.

Trading again below 35,185 invalidates the bullish scenario and renews the chances of controlling the bearish trend, so we will be waiting for a retest of 35,020 initially. Note: the level of risk is high.

S1: 35185	R1: 35440
S2: 35020	R2: 35530
S3: 34940	R3: 35690