The Dow Jones Index is trading within a sideways range during today’s session, holding above the pivot level of 49400, reflecting balanced market sentiment with a bullish bias supported by improved risk appetite.
If the upward movement continues, the index is expected to target 49700 followed by 50200.
Alternatively, in case of a downside correction, the price may decline toward 48900 and then 48740.
The bullish outlook remains valid as long as trading stays above 49400, supporting a potential move toward 50200.
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