Contributors Technical Analysis US 30 Challenges Peak

US 30 Challenges Peak

The Dow Jones 30 index holds near its historic high on upbeat investor sentiment.

The break above 35330 has signaled the bulls’ commitment to maintain the upward bias, while 35200 is fresh support.

An oversold RSI has attracted the buying-the-dips mentality.

Price action has recouped the most recent losses and is now testing the peak at 35630. A bullish breakout may extend the rally towards the milestone at 36000. A deeper pullback would lead to the critical floor at 34700.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version