The Dow Jones Industrial Average continued its strong positive performance during Wall Street trading, in line with our previous expectations. It successfully reached the official target of 51,265 points, hitting a high of 51,384 points before some signs of slowing down began to appear in intraday movements.<\/p>\n\n\n\n
Technical Outlook for Today’s Session \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
In intraday trading, the index encountered strong resistance near 51,160 points. This area prompted a limited pullback and profit-taking after the recent strong gains.<\/p>\n\n\n\n
The Relative Strength Index (RSI) is also showing clear negative signals after entering overbought territory. This could lead to a limited downward correction or a sideways movement aimed at alleviating the overbought conditions and regaining momentum before attempting to resume its upward trend.<\/p>\n\n\n\n
Bearish Scenario (likely):
Trading holding above the 51060 resistance level supports the possibility of a downward trend, targeting 50730 as the first target, followed by 50550.<\/p>\n\n\n\n
Positive Scenario:
Conversely, a return to trading and stability above the 51070 level could lead the index to gains, targeting 51295 and then 51400.<\/p>\n\n\n\n
Caution: The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n The Dow Jones Industrial Average continued its strong positive performance during Wall Street trading, in line with our previous expectations. It successfully reached the official target of 51,265 points, hitting a high of 51,384 points before some signs of slowing down began to appear in intraday movements. Technical Outlook for Today’s Session \u2013 4-Hour Timeframe: …<\/p>\n","protected":false},"author":9,"featured_media":127801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7192,11285],"class_list":["post-127789","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-dow","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127789"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127789\/revisions"}],"predecessor-version":[{"id":127802,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127789\/revisions\/127802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/127801"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 50735<\/strong><\/td> R1: 51295<\/strong><\/td><\/tr> S2: 50500<\/strong><\/td> R2: 51620<\/strong><\/td><\/tr> S3: 50180<\/strong><\/td> R3: 51855<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"