Dow Jones Retesting Support

The Dow Jones index tipped positive in the previous session, surpassing the required target of 29830, to hit a high of 29893.

Technically, we tend to be positive, depending on the index based above 29180, with the index continuing to receive a positive stimulus from the 50 moving average over the 4-hour time frame.

Consequently, the bullish bias will be likely today, provided that stability returns above 29450, opening the way towards 29600 as a first target, followed by 29770 and may extend to 30,000.

Only from the downside, return to trading again below 29170 and the most importantly 29070 is able to negate the suggested scenario and put the price under negative pressure targeting 28940. Note: the level of risk is still high.

S1: 29175	R1: 29770
S2: 28940	R2: 30130
S3: 28580	R3: 30360