Dow Jones extends its gains 9/1/2023

We adhered to intraday neutrality during the previous sessions, explaining that the bullish trend requires that we witness the breach of the 33,090 resistance level to open the door to visit 33,130 and 33,330, respectively, recording its highest level at 33,720.

On the technical side today, we tend to be positive, depending on the positive signs coming from the RSI and the stochastic positioning towards the overbought areas.

From here, with steady daily trading above the support level of 33,505, the bullish scenario remains valid and effective, targeting 33,900 and 33,980, respectively, and may extend later towards 34,200 unless we witness any trading below 33,500.

The return of trading stability below 33,500 leads the index to retest 33,150.

Note: The level of risk is high.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 33150	R1: 33980
S2: 32610	R2: 34265
S3: 32330	R3: 34810