The index is trading at around 34,211 after last week's strong rally

Taking a look at the Dow Jones after last week’s strong rally. Currently, the index is trading at around 34,211 and we can see the rally is highlighted by the engulfing candle stick, even though the week prior the candlestick closed below the supportive trendline. Creating a mixed outlook, perhaps it was a false breakout trapping the bears. However, the bias remains neutral as markets gain optimism from the fact that November tends to be a stronger month regarding performance (if we look back at history). Towards the upside, the bulls now face resistance at 34,285 then at 34,516 and then at 34,941. A break and close above 34,941 would then allow the bulls to target the high of the year, or respectively, 35,690 (green oval). Towards the downside, support now sits at 34,024 then at 33,609 and then back at the trendline, which reads 33.220. A break below the trendline once again would certainly create a sour outlook with the likelihood of yet another sentiment shift, favourably for the bears. The technical indicators are somewhat mixed, the MACD is negative but the RSI is positive as it reads 52. 

(Chart & Data from IG)