Dow Jones Maintains Bullish Path Ahead of Jobs Data

The Dow Jones Industrial Average managed to achieve notable gains yesterday, posting the highest around 34561.

On the technical side, we tend to the positive side, but cautiously, relying on the continued defense of the RSI for the bullish bias and the stability of the intraday trading above the support level of 34,420/34,400.

Therefore, the bullish bias is likely today, provided we confirm the breach of 34,560, targeting 34,610 first target and then 34,675.

From below, it broke 34,400, and it will immediately stop the bullish bias and put the index’s price under negative pressure, with its target 34,310. 

Note: The risk level is high.

Note: NFP is due today, and we may witness high volatility.

S1: 34420	R1: 34610
S2: 34310	R2: 34675
S3: 34240	R3: 34790