Dow Jones Rebounds as Buyers Emerge Near 40,700
The Dow Jones (US30) entered a bearish trend at the end of January, with its downward movement largely influenced by the Trump administration's reforms and unconventional approaches to the trade war.
Over a span of approximately 2.5 months, the index declined by nearly 9.7%. However, it now appears that buyers are stepping back in near the 40,700 level, providing momentum for a potential bullish correction—or perhaps even a return to the previous uptrend.
Looking ahead, US30 is expected to recover, with key levels to watch at 42,320 and 42,935.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The Dow Jones (US30) entered a bearish trend at the end of January, with its downward movement largely influenced by the Trump administration's reforms and unconventional approaches to the trade war.
Over a span of approximately 2.5 months, the index declined by nearly 9.7%. However, it now appears that buyers are stepping back in near the 40,700 level, providing momentum for a potential bullish correction—or perhaps even a return to the previous uptrend.
Looking ahead, US30 is expected to recover, with key levels to watch at 42,320 and 42,935.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.