Dow Jones starts positive 27/6/2023

The Dow Jones Industrial Average declined significantly on Wall Street yesterday, within the expected downward track, touching the bearish targets to be achieved, reaching the official target of 33,890, recording its lowest level at 33,860.

On the technical side today, the current movements of the index are witnessing an upward rebound, taking advantage of the support floor represented by the target 33,860, and with careful consideration, we find the Stochastic indicator trying to gather bullish momentum, accompanied by the positive signs of the RSI.

From here, with steady daily trading above the support mentioned above floor, we may witness positive trades, targeting 34,140 as a first target, and confirming its breach is a catalyst that enhances the chances of touching 34,210.

Note: Today we are awaiting high-impact economic data issued by the US economy, the “Consumer Confidence Index,” and we may witness high volatility at the time of the news release.

Note: The level of risk is high and may not be commensurate with the expected return.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 33925	R1: 34140
S2: 33785	R2: 34210
S3: 33715	R3: 34350