Dow Jones touches the targets 9/6/2023

The Dow Jones Industrial Average achieved the expected positive outlook during the previous report, touching the official target station at 33850, recording its highest level at 33876.

Technically, we are positive depending on the positive momentum signs from the 14-day momentum indicator, which is stimulated by the positivity of the simple moving averages that carry the price from below.

Therefore, the possibility of an increase is still present and effective, provided that we witness the breach of the resistance level of 33,840, and that is a motivating factor that enhances the chances of touching 33,910, the first target, and then 34,030.

As a reminder, activating the bullish scenario requires stability in daily trading above the support level of 33,620, and a decline below the mentioned level nullifies the activation of the bullish scenario and puts the index prices under negative pressure to retest 33,460.

Note: The level of risk is high

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: 33620	R1: 33910
S2: 33460	R2: 34035
S3: 33330	R3: 34195