
Technical Analysis of the Dow Jones Index – 30th dec to 3rd jan
Dow Jones Analysis (Daily Time Frame) After experiencing a significant drop over the past month, the Dow Jones index saw a weak rebound last week but ultimately ended the trading week with a decline. Primary Scenario: It is expected that, after some range-bound fluctuations, the Dow Jones will continue its downward movement, breaking below 42140 and heading towards 41684 and 39979. Alternative Scenario: If the above scenario does not materialize and the index surpasses the resistance at 43468, it could retest the 44605 level. Dow Jones Analysis (4-Hour Time Frame) Primary Scenario: If the Dow Jones breaks below the support at