The Dow Jones Industrial Average continues to show positive movement during today’s trading session, moving in an upward trend supported by stability above the key pivot level at 49400.

This level represents an important technical point that controls short-term price direction. Holding above it strengthens the chances of further gains. If bullish momentum continues, the index is expected to move toward 49600 as a first target, followed by 49800 as the next resistance level.

In the alternative scenario, if the price fails to remain above 49400 and reverses direction, a decline toward 49200 may occur, followed by 49000, indicating a temporary correction.

Overall, the bullish outlook remains favored as long as the index stays above the 49400 pivot level, with expectations of a retest of 49600 during the day.