Current price: 52070
Key point: 51950
Our preferred strategy: Buy positions above 51950 with a first target of 52300 and then a second target of 52650.
Alternative scenario: Stop loss and trend reversal upon breaking the 51900 level, targeting levels of 51435.
Technical commentary
The Dow Jones index managed to break through the pivotal resistance level of 51950 and the downtrend line from the current month's peak, and is expected to continue its upward movement to the 52300 level, and then, if it breaks above that level, head towards the 52650 level.
