US-30 DJIAThis 4-hour chart of the Dow Jones Industrial Average Index (DJIA), shows recent price action and key technical indicators. The index has been in a bullish trend since mid-September, reaching highs near the 43,000 level. However, recent price action indicates a bearish correction, with the price currently testing support around 42,000.
If the price holds above 42,000, a potential buying opportunity may arise. Initial targets would be set around the 42,800–43,000 resistance.
The seasonality of DJIA during the presidential cycle also shows an upward move from end-October till mid-November.