Dow futures rebounded from the previous session's losses. Technically, in the medium-term perspective, the current price action signals suggest that the bullish trend remains intact. However, in the short term, a significant resistance level persists at 51,000/100, a critical level that could affect near-term price movements. The price is approaching a key resistance zone again. Watch for a pullback.
Key Indicators
Despite the rebound, the 4-hour chart reveals weak upward momentum, showing signs of exhaustion on lower timeframes. Therefore, short‑term pullbacks are possible within broader consolidation.
Fundamental Context
The Dow Jones reached new record highs on Wednesday before giving up some gains, boosted by AI optimism and signs of cooling geopolitical tensions.