Dow Jones: Positivity Remains

Positive trading returned to dominate the movements of the Dow Jones Industrial Average on Wall Street, recording its highest level at 33,131.

Technically speaking today, we indicate the possibility of continuing the rise, and with a closer look at the chart at 60-minutes chart, we find the RSI continues to defend the upside, and this comes in conjunction with the stochastic concentration around overbought areas.

Consequently, we may witness positive movements during the current session, targeting 33,220 first targets and then 33,270-second targets, bearing in mind that confirming the recent breakout increases and accelerates the strength of the bullish trend, so that the way is directly open towards 33,360.

Activating the suggested scenario depends on trading remaining above 32,820, and breaking it increases the probability of retesting 32,700 before rising again.

S1: 32825	R1: 33210
S2: 32590	R2: 33365
S3: 32440	R3: 33595