Dow Jones Remains Positive as Long as it Remains Above 27765

The Dow Jones Industrial Average jumped on Wall Street yesterday, posting strong gains, surpassing the previous target we mentioned of 27880, to hit a high of 28085.

Technically, we expect the upside move based on the breach of 27765 resistance, which has turned into strong support, in addition to positive signs from the RSI.

We maintain our positive expectations for visiting 28100 then 28190, and the upside targets may extend to 28240.

The suggested scenario is only effective when trading remains above 27765, below this level puts the index under temporary negative pressure, targeting 27500.

Warning: the risk level is still high.

S1: 27765	R1: 28190
S2: 27500	R2: 28350
S3: 27340	R3: 28615