Current price: 52470
Key point: 52085
Our preferred strategy: Buy positions above 52085 with a first target of 52850 and then a second target of 53335.
Alternative scenario: Stop loss and trend reversal upon breaking the 51760 level, targeting the 51500 level.
Technical commentary
The Dow Jones index is holding above the support level of 52085 and above the 200-period moving average on the four-hour timeframe. If it breaks through the pivotal resistance levels of 52500-52600, the price will then head towards 52850, and if it breaks through that level, it will head towards 53335.
