Dow Jones Touches Goal

The Dow Jones Industrial Average achieved all of our ascending targets, reaching 35,530, recording the highest price of 35,537.

On the technical side, by looking at the chart, we notice negative signs that started appearing on stochastic, in addition to stabilizing intraday trading below the resistance level of 35,330 represented by our last target.

We believe there is an opportunity for a bearish corrective slope during today’s session, targeting 35,270 first targets, then 35,140/35,160 next station that may extend later towards 35,070.

The breach of 35,540 resistance can thwart the bearish correction trend mentioned above and lead the index price to regain the official bullish path with an initial target of 35,670.

Note: The risk level may be highq.

S1: 35270	R1: 35540
S2: 35140	R2: 35670
S3: 35000	R3: 35810