The Dow Jones Industrial Average rallies as the recovery goes in full swing in the US.
The latest whipsaw barely dented investors’ faith. The index has recouped most of the losses from the May sell-off. Buyers have been building their stakes above the 30-day moving average (34350). 34750 is the key resistance intraday, its breach may send the price action to the peak at 35100.
On the downside, a deeper correction would test the critical demand area between 33500 and 33700 from the daily chart.
