Dow Jones Analysis (Daily Time Frame)
In the past week, the Dow Jones index made a strong rebound from the support level of 41,766 and reached the important area of 43,467, closing at this level on the last trading day.
Main Scenario: Considering that the index has reached a significant resistance area, it is expected to be rejected from this level and move downward, at least toward the 41,766 area.
Alternative Scenario: If the index stabilizes above the 43,467 resistance, it could move towards the 44,600 area.
Dow Jones Analysis (4-Hour Time Frame)
Main Scenario: If the index breaks and stabilizes above the 43,737 resistance, the next target will be 44,600.
Alternative Scenario: If the price moves downward and breaks the 43,100 support, the next move for the index would be toward the 42,635 area.
Dow Jones Analysis (15-Minute Time Frame)
Main Scenario: If the index breaks and stabilizes below the 43,435 support, the next target will be 43,101.
Alternative Scenario: If the upward trend continues and the 43,590 resistance is broken, the index could move toward 43,947.