Dow Jones Exceeds The Extended Target

As we expected, the Dow Jones Industrial Average achieved noticeable gains within the upward path, touching the official target of 34,880, to its highest level at 34,931.

Technically, we tend to be positive, relying on the RSI’s continued defense of the bullish trend, in addition to stochastic positioning around overbought areas.

From here, and with stability trading above 34,650, the bullish bias is likely today, targeting 34,930, knowing that breaching the mentioned level can enhance the chances of rising to visit 35,070 next official station, whose targets may extend later to visit 35,190.

If the breach of the support level 34,650 is confirmed, that puts the index price under negative pressure; its initial target is to retest the level of 34,510. Note: The risk level is high.

S1: 34650	R1: 34930
S2: 34510	R2: 35070
S3: 34370	R3: 35210