
Technical Analysis of the Dow Jones Index – 10th to 14th march
Dow Jones Analysis (Daily Time Frame) Dow Jones Technical Analysis (Daily Timeframe) In the past week, the Dow Jones index failed to stabilize above the 43,900 zone. After a temporary move up to the 44,045 zone, it resumed its decline and dropped to the 42,200 area. Main Scenario (Higher Probability): The outlook remains bearish for this index; however, a temporary upward pullback is expected before the Dow Jones continues its descent towards its 5-month range floor in the 41,800 zone or potentially even the 41,000 area. A reversal to the upside may occur from these lower levels. Alternative Scenario (Lower Probability):