The breakout of Tuesday was followed by yesterday session where the close was much below the intraday high. Today the index is making a fresh 2023 high and from a technical perspective, if tomorrow session would confirm it with a positive weekly close, DJIA would be ready to set its path for the next resistance.
The next key level would be in area 36,000 and a victory above this resistence would likely send the index to 36,952.65, its all time high.
A weekly chart helps to see the magnitude of current bullish setting
A pullback to 34,670 is also possible before to trigger another bullish leg. The positive framework would deteriorate only below this level and then below the 21 day SMA, now in area 34,256.
The index at the moment is up by 0.72% to 35,317
