DOW JONES
Dow Jones Index is trading below the resistance zone at $45,300, and prices are likely to decline and retest the support zone at $44,650. This scenario would be invalidated if the mentioned resistance zone is broken to the upside.
|
Support |
44650 | 43900 | 43400 |
| Resistance | 45300 | 46000 |
– |
The Dow Jones Index saw a notable decline in today’s trading after a series of sideways movements in previous sessions, reflecting a sense of caution and anticipation among investors ahead of the Jackson Hole meeting. The decline was driven by pressure from some industrial and financial sectors, while major technology stocks managed to hold steady, limiting the index’s losses.
From a technical perspective, continued movement near current support levels could open the door to further corrections if no positive signals emerge soon. However, any hints from the Federal Reserve regarding an imminent rate cut could quickly restore upward momentum. At this stage, the market is navigating between the pressures of U.S. monetary policy and global economic developments.
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