Stock markets recouped losses from previous choppy sessions as investors saw the dip as an opportunity.
After rallying above the former resistance at 32500, the Dow Jones is making an attempt at the previous high at 33250. A bullish breakout could extend the rally to new record highs.
While market sentiment remains positive, an overbought RSI could prompt a pullback driven by profit takings.
The demand area between 32500 and 32700 could see strong buying interest if the index cools off.