Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average successfully reached the second upside target outlined in the previous technical report at 50,560, extending gains to a session high near 50,610.
Technical Outlook – 4-Hour Chart
Price action continues to trade above the simple moving averages, which supports the broader recovery structure. However, momentum indicators are flashing early caution signals, as the Relative Strength Index (RSI) is approaching overbought territory. This suggests that upside potential may be limited in the near term and that a period of consolidation or a corrective pullback could unfold.
Expected Scenario
If daily trading remains capped below the 50,600 resistance level, a corrective decline becomes increasingly likely. Under this scenario, the index may retest the 50,125 support level initially, followed by the psychological 50,000 area, before attempting another rebound.
On the other hand, a sustained move back above 50,630 would invalidate the near-term corrective scenario and signal a resumption of the broader uptrend. In this case, upside targets would stand at 50,870 initially, followed by 51,120.
Market Note:
High-impact U.S. economic data is due today, including the Non-Farm Payrolls report, the unemployment rate, and average hourly earnings. Elevated volatility is expected around the release.
Risk Warning:
Market conditions remain high-risk 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: 50125 | R1: 50630 |
| S2: 49865 | R2: 50870 |
| S3: 49620 | R3: 51130 |
