Dow Jones Touches The First Goal

The Dow Jones Industrial Average touched the first goal in the previous trading session, at 35,740, recording its highest level of 35,775.

On the technical side, today, we tend to the positivity, relying on the stability of trading above the 35,580 support level, accompanied by the continued defense of the RSI from the bullish bias, coinciding with the stochastic positioning around the overbought areas.

We are targeting 35,750 initial targets, and breaching it increases the strength of the bullish bias.

The breach below the strong support level 35,580 will postpone the mentioned chances of rising, and we may witness a temporary bearish bias that aims to retest 35,520 and 35,450 before rising again.

Note: The risk level remains high.

S1: 35580	R1: 35750
S2: 35520	R2: 35845
S3: 35420	R3: 35920