Positive trades are trying to control the movements of the Dow Jones Industrial Average during the morning trading session of the current session.
On the technical side today, and with a closer look at the chart, with a 60-minute chart, we find the index is stable intraday above the support level of 31,210, and we find the RSI indicator trying to get rid of the current negativity.
Therefore, we may witness an upward trend in the coming hours, aiming to re-test 31,790 first goals, and then 31,830-second goals.
A reminder that the activation of the bullish scenario depends on the index remaining above 31,200, and breaking it will immediately stop the bullish scenario, and we will witness a strong bearish slope targeting 30,930.
Note: The risk level may be high today.
S1: 30925 | R1: 31790 |
S2: 30365 | R2: 32100 |
S3: 30060 | R3: 32660 |