Current price: 49380
Key point: 48800
Our preferred strategy: Buy positions above 48,800 with a first target of 49,700 and then a second target of 50,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 48600 level, targeting the 48200 level.
Technical commentary
The Dow Jones managed to maintain its stability above the upward trend line from the current month's low and above the 200 moving average on the four-hour timeframe, and is expected to continue its rise to the 49,700 levels and then the 50,000 levels.
