Dow Jones is making significant gains 12/6/2023

As we expected last Friday, the Dow Jones Industrial Average jumped, touching the official bullish target stations at 33,840 and 33,910, to succeed in recording its highest level at 33,980.

Technically, we are positive depending on the index continuing to receive positive momentum signs coming from the 14-day momentum indicator, which is stimulated by the positivity of the simple moving averages that hold the price from below.

Therefore, the possibility of an increase is still present and effective, with trading steadily above the support floor of 33,780, and in general, above 33,740, targeting 34,000, noting that exceeding the mentioned level increases and accelerates the strength of the bullish daily trend, paving the way directly to visit 34,130,

As a reminder, activating the bullish scenario requires stability in daily trading above the support level of 33,740, and a decline below the mentioned level nullifies the activation of the bullish scenario and puts the index prices under negative pressure to retest 33,580.

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: 33740	R1: 34000
S2: 33580	R2: 34130
S3: 33465	R3: 34275