The Dow Jones Index is showing relatively stable movement during today’s trading session, trading in a sideways range near the key pivot level at 49000 as investors await a clearer market direction.
If the index manages to continue rising and holds above this level, it is expected to move toward 49870 as the first target, followed by 50200 as the next upside level.
However, if the movement reverses and the index falls below 49000, it may head toward 48850 as initial support, followed by 48367.
Overall, holding above the 49000 level could allow the index to retest the 49870 level in the near term, while sideways movement remains dominant for now.
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