Dow Jones Touches The First Goal And Positivity Remains

The Dow Jones Industrial Average touched the first target required to be achieved during the previous analysis, located at 34,345, recording a high of 34,426.

On the technical side today, the bullish bias is still likely today, dependent on the RSI’s continued defense of the upside, in addition to stochastic concentrating around overbought areas.

Therefore, we maintain our positive expectations, continuing towards the second target 34,480/34,485, a first target, knowing that confirming the breach of the aforementioned level extends the benchmark of the index, opening the way directly towards 34,550 following official stations.

Activating the bullish scenario requires intraday trading above 34,300, knowing that the breach of 34,300 puts the index price under strong negative pressure targeting 34,100.

Note: The risk level is still high.

S1: 34300	R1: 34485
S2: 34180	R2: 34550
S3: 34110	R3: 34670