Dow Jones Making Strong Gains

The Dow Jones Industrial Average jumped at the beginning of this week’s trading within a bullish path, as we expected a gradual approach to the required target 30,270, recording its highest level during early trading for the current session 30,213.

On the technical side, with the RSI indicator continuing to defend the general bullish trend, in addition to trading remaining above 30,100, and in general above 29,870.

Thus, the bullish scenario will remain valid and effective targeting 30,360/30,3654 as a first target, and its breach will extend the index’s gains, opening the way to visit 30,530.

Activating the bullish scenario requires stability above 29870.

Note: the level of risk is high.

S1: 29870	R1: 30365
S2: 29550	R2: 30535
S3: 29380	R3: 30860