Current price: 37734
Key point: 36985
Our preferred direction: buy positions at the highest levels of 36985, targeting 37835 as the first target, then 38290 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 36985 level, targeting 36520 levels
Technical commentary
The Dow Jones Index is moving in an upward direction on the four-hour frame from the bottom of last November within a price channel, so it is expected that with the breakout of the sub-downtrend upward, the index will continue to rise to the next resistance area at 37835 levels.
