Current price: 52075
Key point: 51760
Our preferred strategy: Buy positions above 51760 with a first target of 52400 and then a second target of 52850.
Alternative scenario: Stop loss and trend reversal upon breaking the 51590 level, targeting the 51300 level.
Technical commentary
The Dow Jones index is holding above the support levels of 51590-51760 and above the 200-period moving average on the four-hour timeframe, suggesting it is expected to continue its upward trend towards 52400. A break above this level would then target 52850.
