Current price: 40500
Key point: 40400
Our preferred direction: Buy positions above 40400 levels with 41000 as a first target and then 41400 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 40400 level, targeting the 40000 levels.
Technical commentary
The US Dow Jones index reached the pivotal support levels of 40400-40195 on the four-hour frame and the 200 moving average, so it is expected that the index will rise again to the 41000 levels and then the 41400 levels.
