Technical Analysis: Dow Jones - Friday, Jan. 16

Dow Jones–16.01.2026


The Dow managed to meet the target zone at 49500-600.
As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760.
As long as the market holds above 48760 the advance wave could continue.
Below 48760 more of a drop will be expected with supports at 48300 and 47600-700.
Above 50000 the Dow could enter a new advance wave.

  SUPPORT RESISTANCE
LEVEL1 48760 49800-50000
LEVEL2 48300 50600
LEVEL3 47600-700 51000

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