Current price: 51700
Key point: 51675
Our preferred strategy: Buy positions above 51675 with a first target of 52200 and then a second target of 52430.
Alternative scenario: Stop loss and trend reversal upon breaking the 51650 level, targeting the 51000 level.
Technical commentary
The Dow broke through the downtrend line from last month's high, breaking through the resistance level of 51675 and holding above it.
If the price breaks through the next resistance level of 51845, it will head towards the 52200 level and then the 52430 level.
