Dow Jones Looking For Additional Momentum

The technical outlook remains unchanged while the Dow Jones Industrial Average attempts to hold onto its recent gains today. Technically speaking, it indicates the possibility of continuing to rise. With a closer look at the 60-minute chart, the RSI indicator continues to defend the upside, and this comes along with the continuation of the positive attempts coming from stochastic to gain additional momentum.

Therefore, we see positive movements during the current session, targeting 33,070 as the first target and then 33,230 as a second target, bearing in mind that confirming the break through the latest to accelerate strength of the bullish trend, so that the way is open directly towards 33,340.

Activating the suggested scenario depends on trading stability above 32,800, and breaking it increases the probability of retesting 32,700 before rising again.

S1: 32810	R1: 33070
S2: 32700	R2: 33230
S3: 32540	R3: 33340