Dow Jones US30 Chart Technical Outlook shows overbought conditions ahead of a busy calendar
Dow Jones (US30) broad bias is bullish while it is overbought. An initial pullback would offer opportunities for bulls, while current prices offer no value opportunities for bulls and would be counter-trend for bears.
The US calendar is busy this week, starting with the ISM Manufacturing data on Tuesday and ending with the most important NFP on Friday.
The recent Fed stance was less hawkish than before, and a soft data output would trigger a decline in USD and risk appetite among investors to push indices higher.
Resistances: 35,680, 36,200, 36,950
Supports: 35,200, 34,600