The Dow Jones flies high after Chairman Jerome Powell expressed his optimism in an interview that the US economy was set for a strong rebound.
Following a breakout above its latest consolidation range (33250), the index has been grinding up along a rising trendline.
The psychological level of 33400 would be the next target for the bulls. Though an overshot RSI may lead to a temporary pullback.
The 30-hour moving average is the immediate support. Further down, 33510 along the trendline may see more buying interests.
