Dow Jones Reiterates Nullish Chances

The Dow Jones Industrial Average jumped, ending last week’s trading with a noticeable increase, posting its highest price during last Friday’s trading 34,053.

On the technical side today, we are biased towards the positivity, relying on the price building a base above 33,680, accompanied by positive signs that began to appear on the RSI.

Therefore, we target 34,125 first targets, and then 34,220, knowing that the breakout of the latter extends the gains of the index, so that we are waiting for 34,320.

Only from below, the return of trading stability again below 33,680 negates the suggested bullish scenario, and the index is exposed to negative pressure targeting 33,420.

Note: the level of risk is still high.

S1: 33680	R1: 34125
S2: 33420	R2: 34320
S3: 33230	R3: 34570