Dow Jones Maintains a Bullish Path

The Dow Jones Industrial Average managed to achieve noticeable gains within the positive outlook, as we expected, surpassing the official target required to be achieved during the previous analysis at 34,500, to record its highest level during the last session’s trading at 34,616.

On the technical side today, with the RSI continuing to defend the bullish trend, in addition to stochastic positioning around the overbought areas.

Therefore, with the stability of trading above 34,300, the bullish scenario remains valid and effective targeting 34,740/34,745 as a first target, knowing that confirming the breach of the aforementioned level increases and accelerates the strength of the bullish trend, opening the way to visit 34,845/34,850, and gains may extend later towards 34,900.

The return of trading stability below 34,300 invalidates the ascending attempts and puts the index under negative pressure, targeting 34,070 and then 34,010.

Note: The risk level is still high.

S1: 34300	R1: 34745
S2: 34010	R2: 34900
S3: 33850	R3: 35190