US stock markets remain well-supported by recovery momentum into the summer. The Dow Jones index is still rising steadily towards the previous high at 35100.
The rally above the supply zone around 34500 suggests that the bulls were willing to pay up to reverse the sell-off. A break above the intermediate resistance at 34700 could increase the bullish momentum.
As the price achieves a series of higher highs again, an overbought RSI may briefly temper the bullish fever. 34220 is the closest support.
