Dow Jones Soaring Higher

The Dow Jones Industrial Average jumped to continue achieving the bullish targets, touching the third official leg mentioned in the previous analysis at 28460, recording a peak at 28619.

Technically, looking at the 60-minute chart, we find that the moving averages continue to hold the price with the stochastic around overbought areas.

With the stability of intraday trading above 28365 and in general above 28290, the upside bias will be intact, targeting 28670 as a first target that extends to 28700, taking into account that confirmation of the recent breach accelerates and confirms the strength of the daily bullish trend, so we will be waiting for 28970.

Activating the suggested scenario depends on trading remaining above 28280/28290, and breaking it will stop the upside move and put the price under negative pressure targeting a re-test of 28670. Warning: The risk level may be high.

S1: 28270	R1: 29750
S2: 27660	R2: 30610
S3: 26795	R3: 31225