DOW JONES
Dow Jones Index is trading in an upward trend over the medium term, which opens the door for further price increases and the formation of new highs. However, if the support level at 49,600 is broken to the downside, we may target the 48,350 level during today’s trading.
|
Support |
49600 | 48350 |
| Resistance | 50100 |
50250 |
Dow Jones Industrial Average posted a strong positive performance in today’s session, benefiting from improved investor sentiment and a return of buying momentum in blue-chip stocks, which pushed the index to continue trading near its historical highs. The advance was supported by clear stability above key support levels, signaling that the market continues to view pullbacks as opportunities to rebuild positions rather than the start of a broad corrective move, particularly as liquidity keeps flowing into industrial and financial stocks.
This performance reflects growing confidence in the ability of major corporations to maintain stable profit margins, alongside market anticipation of any signals or data that could lead to a repricing of monetary policy expectations. Overall, the bullish trend remains the most likely scenario in the short term, while close attention should be paid to any signs of weakness that may emerge near key psychological resistance levels.
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