The Dow Jones Index is trading positively today, holding above the key pivot level at 49,730, indicating continued bullish momentum in the short term.
If the upward move continues, the index is expected to target 49,870 followed by 50,200.
Alternatively, in case of a downside correction, prices may retreat toward 49,220 and then 48,930.
The bullish outlook remains valid as long as the index stays above 49,730, with a potential retest of the 50,000 level.
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