Dow Jones

Key Indicators

• Despite the rebound, the 4-hour chart reveals weak upward momentum, showing signs of exhaustion on lower timeframes.

• The price stays below the 20-day SMA, and RSI is struggling to hold above 50, suggesting weak buying momentum.

Fundamental Context

Despite the rebound, the US30 is still struggling to regain strong momentum, as the short-term trend remains neutral to bearish. Therefore, further pullbacks are possible within broader consolidation.