Dow Jones Recovering

The Dow Jones Industrial Average jumped yesterday, canceling the negative outlook, as we expected it to return to its highest level at 29835.

On the technical side, with the return of trading stability above the previously breached resistance level located at 29570, which was accompanied by the persistence of the index getting positive signals from the RSI.

Therefore, the bullish bias is likely today, targeting 29995/30000 as a first target, taking into consideration that surpassing the upside and rising above the psychological barrier resistance 30000 increases and confirm the strength of the daily bullish trend, to be the next leg of 30200.

From below, the return of trading to stability again below 29570 negates the bullish scenario, and we may witness negative trades targeting 29425.

Warning: The level of risk is still high.

S1: 29425	R1: 29995
S2: 29065	R2: 30200
S3: 28850	R3: 30560