Dow Jones Maintains an Upward Path

The Dow Jones index continues to maintain its bullish path, recording its highest level during the previous trading session 33,501.

Technically, the intraday trading is stable above the support level 33,270 and in general above the pivotal support floor 33,180, factors supporting the upside, as we find the stochastic indicator is still concentrated around overbought areas on the 4-hour time frame.

Therefore, the bullish scenario will remain valid and effective targeting 33,490/33,500, bearing in mind that trading above the latter increases and accelerates the strength of the daily bullish trend, opening the way to achieve more gains, its target is at 33655.

A reminder that the activation of the bullish scenario requires stability above 33,180, and breaking it is capable of failing the aforementioned scenario and puts the index under negative pressure targeting a re-test of 33,030.

Note: The risk level may be high.

S1: 33180	R1: 33495
S2: 33030	R2: 33655
S3: 32870	R3: 33800