Technical Analysis: Dow Jones - Thursday, Jan. 29
The Dow managed to restore strength after U.S. President Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns.
As we see from the chart, the market is facing the first support around 48750 and if prices hold above it, the advance wave could continue with resistances at 49500-600 and 50000-100.
Below 48750, more of a drop could hit the market with supports at 48300 and 47600-700.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 48750 | 49500-600 |
| LEVEL2 | 48300 | 50000-100 |
| LEVEL3 | 47600-700 | 50600 |
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