The Dow Jones Industrial Average (DJI30) suffered sharp losses on Wall Street, impacted by widespread profit-taking after a record-breaking rally. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) supports the upward trend and acts as a support level, attempting to push the price higher. …
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The index pushed to a record high at 48,089. Technical outlook 50-SMA (4H): Trending beneath price, reinforcing the uptrend as dynamic support. RSI: Remains constructive, signaling scope for further upside. Base case (bullish continuation) A clean break/hold above 48,090 would likely extend gains toward 48,300, then 48,470. Alternative / pullback …
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The index extended its anticipated decline, posting a 46,895 low. Technical outlook 50-SMA (4H): Now above price and acting as dynamic resistance, limiting recovery attempts. RSI: Still negative; trying to unwind oversold, but momentum remains fragile. Base case (bearish while below 47,240) Maintaining trade beneath 47,240 keeps the downside in …
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The index faded in the prior session after failing to confirm a breakout above 47,820, shifting the near-term bias to the downside. Technical outlook 50-SMA (4H): Has rolled over above price and now acts as dynamic resistance. RSI: Turning lower with negative signals, though attempting to unwind oversold readings. Base …
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Price action has been choppy, but a short-term upward rebound has emerged. Technical outlook 50-SMA (4H): Continues to underpin price. RSI: Back above 50, signaling improving momentum. Base case (intraday bullish trigger) A clear break and hold above 47,800 would tilt bias higher toward 47,850, then 47,920. Alternative / downside …
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The index extended higher in line with our prior bullish view, clearing the earlier target at 48,020 and printing a 48,181 high. Technical outlook 50-SMA (4H): Still trending beneath price, offering support. RSI: Now flashing negative signals on overbought readings, implying scope for a brief pullback to reset momentum. Base …
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The Dow extended gains, printing a high at 47,770 in the prior session. Momentum remains constructive. Technical picture The 50-period SMA (H4) continues to slope higher beneath price, offering dynamic support and reinforcing the uptrend. RSI (H4) holds above the midline (50), consistent with positive short-term momentum. Base case (favored)While …
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The Dow Jones Industrial Average extended its advance, exceeding the prior target at 47,160 and printing a high at 47,355, keeping the near-term tone constructive. Technical:The 50-period SMA continues to provide a positive impulse, underpinning dips on the 4-hour chart. RSI is holding above the 50 midline, confirming short-term bullish …
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The Dow Jones Industrial Average on Wall Street achieved the bullish targets in the previous technical report, surpassing the official stop at 46,840 and recording a high of 46,963. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period simple moving average continues to provide a positive impetus, supporting continued …
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The Dow Jones Industrial Average is trading mixed with a positive tilt, as buyers probe higher levels following recent consolidation. Technical:Price is now above the 50-period SMA, which has flipped to dynamic support and aligns with a constructive short-term bias on the 4-hour chart. RSI has turned higher and is …
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