Dow Jones Maintains an Upward Trajectory

Positive moves dominated the Dow Jones Industrial Average in the New York Stock Exchange, approaching a few points from the first target published during the previous analysis at 35,950, recording its highest level at 38,925.

On the technical side, the RSI continues to defend the daily bullish trend, accompanied by obtaining a positive stimulus from the 50-day moving average.

With the index price stable and above the support level of 35,540 and, in general, above 35,450, the bullish bias is likely today, but with caution, targeting 35,880 first target and its breach is a catalyst that enhances the chances of progressing upwards to visit 36,070.

Activating the suggested bullish scenario above depends on the stability of daily trading above 35,450. Breaking it will immediately stop the bullish scenario. We will witness a negative trading session whose initial targets are located around 35,400 and 35,200.

Note: The risk level is high and all scenarios are open.

S1: 35540	R1: 35875
S2: 35395	R2: 36070
S3: 35200	R3: 36215