The Dow Jones Index continues to trade with a solid bullish intraday tone, maintaining stability above the key pivot level at 48700, which reflects sustained buying interest and positive market momentum. As long as the index holds above this level, the upward scenario remains favored, with expected targets at 49840 followed by 50500 if the rally extends.
However, if the index fails to maintain support above 48700, a corrective move may develop, pushing the price toward 48300 and then 47600. Overall, continued trading above 48700 supports the potential for further gains toward 50500 in the near term.
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