Dow Jones Maintains Positive Stability

The Dow Jones Industrial Average showed a bullish tendency, as we expected, touching the first official target required to be achieved during the previous analysis, which is located around 34,325, to record its highest level at 34,365.

On the technical side today, and with a closer look at the 60-minute chart, we find the RSI indicator still defending the bullish tendency, in addition to trading stability according to the pivotal support level 34,020/34,000.

Therefore, the bullish bias is the most preferred today, targeting 34,345, and its breach will increase and accelerate the strength of the bullish trend to visit 34,520 next official stations.

Only from below is confirmation of breaking 34,000 and stabilizing below it will immediately stop the suggested bullish scenario and put the index price under negative pressure. Its initial goal is to re-test 33,840, and losses may extend later to visit 33,660.

Note: Stochastic is diverting from the current negativity.

Note: the level of risk remains high.

S1: 34000	R1: 34345
S2: 33840	R2: 34520
S3: 33660	R3: 34680