Dow Jones Attempts to Hold Steady 2/9/2025

The Dow Jones Industrial Average (DJI30) continued its efforts to preserve recent gains, reaching a new high of 45,688.

Technical Outlook – 4-hour timeframe:

The 50-period simple moving average continues to support the bullish bias, while the Relative Strength Index (RSI) is generating positive signals that reinforce ongoing upward momentum. Overall, the trend remains bullish as long as the index holds above key support areas.

Probable Scenario:

The 45,495 level represents the main support protecting the current upward movement. A confirmed break above 45,660 could pave the way for additional gains, with the next resistance levels in focus. Conversely, an hourly close below 45,495 would place the index under renewed selling pressure, exposing it to a retest of prior support zones.

Fundamental Note:

Today’s session features high-impact US economic data, including the ISM Manufacturing PMI. The release may trigger significant volatility in price action.

Warning: Risks remain elevated amid ongoing trade and geopolitical tensions, and all scenarios should be considered.

Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.

S1: 45495	R1: 45660
S2: 45430	R2: 45750
S3: 45330	R3: 45820