Current price: 52845
Key point: 52675
Our preferred strategy: Buy positions above 52675 with a first target of 53060 and then a second target of 53300
Alternative scenario: Stop loss and trend reversal upon breaking the 52360 level, targeting the 51980 level.
Technical commentary
The Dow Jones index is moving above its 200-period moving average on the hourly timeframe and above an upward trend line from last month's low, suggesting that the price is expected to continue rising and retest the 53060 level, the Dow's most recent all-time high.
