Current price: 46430
Key point: 46100
Our preferred strategy: Buy positions above 46100 with a first target of 46900 and then a second target of 47400.
Alternative scenario: Stop loss and trend reversal upon breaking the 45750 level, targeting the 45000 level.
Technical commentary
The Dow Jones index managed to break through the downtrend line from last month's peak, breaking through the pivotal resistance level of 45750 and holding above the 46100 level. The index is expected to continue its upward movement to the 46900 level and then to the 47400 level.
