The Dow Jones Index is trading with a strong bullish intraday bias, holding firmly above the key pivot level at 48700, which reflects continued buying interest and positive market sentiment. As long as the index remains above this level, the upside scenario is favored, with expected targets at 49840 followed by 50500 if momentum persists.
However, if the index fails to maintain support above 48700, a corrective pullback may develop, pushing the price toward 48300 and then 47600. Overall, sustained trading above 48700 strengthens the outlook for further gains toward 50500 in the near term.
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