The Dow Jones Index continues to trade with a bearish bias during the day, staying under pressure below the key pivot level at 49200, which reflects ongoing weakness in market sentiment. As long as the index remains below this level, the downward scenario is favored, with potential targets at 48400 followed by 48000 if selling pressure persists.
However, if the index manages to recover and hold above 49200, a bullish correction may take place, opening the door for a move toward 49600 and then 50000. Overall, a sustained move above 49200 is required to shift the outlook toward the upside and support a recovery toward 49600.
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