Current price: 51135
Key point: 51090
Our preferred strategy: Buy positions above 51090 with a first target of 51445 and then a second target of 51845.
Alternative scenario: Stop loss and trend reversal upon breaking the 50935 level, targeting the 50525 level.
Technical commentary
The Dow Jones index is holding above the pivotal support level of 51090 and above 50525, suggesting a potential upward move to 51445. A break above this level, coupled with a break of the descending trendline, would then target 51845.
