Dow Jones US 30 Chart Technical Outlook looks bullish amid soft labor sector clues, bull’s eye 35,000
Dow Jones (US30) trades in a bullish channel in the daily chart. It found support yesterday to confirm the bottom due to the soft Employment and Consumer Confidence data.
I expect more upside price action amid a continued risk-on sentiment today as stock futures point to a bullish day.
Today’s economic calendar is busy with another expected soft Employment data from ADP.
35,000 is the following resistance. If broken, 35,300 would be the following barrier.
Supports are at 34,600 and 34,450
