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US30: Dow Jones Rebounds as Buyers Emerge Near 40,700

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Dow Jones Rebounds as Buyers Emerge Near 40,700

The Dow Jones (US30) entered a bearish trend at the end of January, with its downward movement largely influenced by the Trump administration's reforms and unconventional approaches to the trade war.

Over a span of approximately 2.5 months, the index declined by nearly 9.7%. However, it now appears that buyers are stepping back in near the 40,700 level, providing momentum for a potential bullish correction—or perhaps even a return to the previous uptrend.

Looking ahead, US30 is expected to recover, with key levels to watch at 42,320 and 42,935.

You may find more details in the chart!
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