Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones reversed its downward trend, rebounding with notable gains. As a reminder, in our previous technical report, we noted that a return to a stable trading level above 49,420 could temporarily halt the bearish scenario, potentially leading to a retest of 49,610 and then 49,750.
Technical Outlook – 4-Hour Timeframe:
The Relative Strength Index (RSI) is providing positive signals, remaining above the 50 midline, which reflects a shift toward bullish momentum. Additionally, the price is holding above the simple moving averages on shorter timeframes, reinforcing the current recovery phase.
Most Likely Scenario:
From here, with the index holding above the 49,400 support level, the bullish bias is favored. We are targeting 49,895 as the first objective. A confirmed break above 49,910 would further strengthen the upward trend, paving the way toward 50,075.
Conversely, it’s worth noting that a return to trading below 49,400 would put the index back under negative pressure, with targets starting at 49,065.
Note: Today, April 21, 2026, we are awaiting high-impact economic data from the US, specifically Retail Sales figures for March. Consensus estimates forecast a 1.4% month-over-month increase. We expect significant price volatility around the 8:30 AM ET release time, as these figures will be a critical gauge for consumer strength and future monetary policy.
Caution: The risk level remains high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.
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: 49390 | R1: 49895 |
| S2: 49065 | R2: 50075 |
| S3: 48885 | R3: 50410 |
