Dow Jones Repeat Chances of The Bullish Attack

The Dow Jones Industrial Average reversed the bearish tendency, built on a pivotal support level at 35,510 prices, which led the index’s price to rebound bullishly towards achieving more records.

On the technical side, we are inclined to the positivity based on stochastic’s positioning around the overbought areas, in addition to the clear positive signs on the RSI.

Therefore, the bullish bias is the most preferred today, knowing that the breach of 35,670 increases the strength of the daily bullish trend with the first target of 35,740 and 35,820 initial stations that may extend later towards 35,900.

Activating the suggested bullish scenario requires daily stability above the support level of 35,420. Note: the risk level is high.

S1: 35530	R1: 35740
S2: 35420	R2: 35825
S3: 35330	R3: 35940