Current price: 52515
Key point: 52380
Our preferred strategy: Buy positions above 52380 with a first target of 52935 and then a second target of 53260.
Alternative scenario: Stop loss and trend reversal upon breaking the 52280 level, targeting the 51815 level.
Technical commentary
The Dow Jones index is holding above the pivotal support level of 52380, above the upward trend line from the current month's low, and above the 200-period moving average on the four-hour timeframe.
The price is expected to continue rising to levels of 52935 and then to levels of 53260
