The Dow Jones Index is trading with a positive intraday bias, holding above the key pivot level at 48700, which reflects continued buying interest and improving market sentiment. As long as the index remains above this level, the bullish scenario is favored, with potential upside targets at 49500 followed by 49850 if momentum continues to build.
However, if the index fails to sustain its position above 48700 and begins to decline, a corrective move may push it toward 48300 and then 47650, which are considered key support levels. Overall, stability above 48700 supports the likelihood of further gains toward 49600 in the near term.
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