Dow Jones Extends Gains Ahead of Jobs Data

The Dow Jones Industrial Average jumped yesterday, surpassing the target of 30,800, recording its highest level at 31,022. On the technical side, we find the RSI stable above the 50 midline, supported by stochastic around overbought areas.

Therefore, with the stability of trading above 30,800, this encourages us to maintain our positive outlook, targeting 31,170 the first target and may extend later towards 31,330.

Trading below 30,700 negates the activation of the bullish scenario completely, and we are witnessing negative movements whose initial target is around 30,380.

S1: 30690	R1: 31170
S2: 30375	R2: 31335
S3: 30210	R3: 31645