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The Dow Jones Industrial Average is trading around 51,536, reaching a strong resistance level near the +2/8 Murray line. This resistance zone represents a significant barrier for the Dow Jones, and we could expect a technical correction to occur below this zone.
Given that the Eagle indicator is showing a positive signal, upward pressure is expected to continue in the coming hours and could reach the upper band of the uptrend channel around 52,180 points.
We must be cautious, as at these price levels there is no signal to sell; the most likely scenario would be to wait for a technical correction below 51,500 before resuming buying.
Above 51,560, we can buy if the price breaks above this zone, with targets at 52,700.
Only a consolidation below 51,560 could be seen as an opportunity to sell, or if a pullback occurs toward the upper band of the uptrend channel, we could consider taking short positions.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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