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 42630, the next targets will be 42140 and, upon breaking that level, 41684.
- Alternative Scenario: If the Dow Jones breaks through the resistance levels at 43468 and 43736 with strong momentum, the targets will be 44605 and the historical high at 45098.
Dow Jones Analysis (15-Minute Time Frame)
- Primary Scenario: Following the break of the 43143 support, the index is expected to continue its downward move, breaking below 42931 and testing lower levels.
- Alternative Scenario: If the index reclaims the 43143 and 43297 levels, it could easily target 43468 and then 43736.