A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –9.3.2026

 

DOW JONES INDUSTRIAL AVERAGE

Open—47634.55--High—47634.55—Low—47009.01—Close—47501.55 on 6.3.2026.

Support:47462.94/47272.21/47049.64/46495.62/45785.17/45734.77/45458.53/44948.16/44585.36/44160.32/43885.52/43762.31/43340.68/42938.87/41991.99/41647.30/41363.95/40661.77/39994.24/39868/38499.27.

Resistance:47638.25/47853.04/48040.64/48133.54/48422.44/48463.73/48731.46/48781.09/48830.39/48883.73/49093.02/49607/49646.60/49800.82/49897.31/50219.18/50512.79.

Further to my last post on 16.2.2026, please note that the technical setup has weakened and it is in the correction mode now and long term uptrend is also threatened, furthermore please note that to keep the up-momentum alive & going in the year—2026 it has to sustain above its key point of 48063.29---48105.98 & 48883.73, but it is way below it now and if it does not bounce back above these points in a shortest possible time then the downslide may deepen. Moving down further its broad support points could be 47399---46926---46664---46482(for in between support see the support table on the upside), it may bounce back from any of these points but break & sustained close below 46482 can drag it down to 45475 or lower, which may please be noted.

Similarly moving up its broad resistance points are at 47850---48063.29---48105.98----48883.73----49323.94----49607----49647(for in between resistance see the resistance table on the upside), it may correct at any of these points then may resume the up-move again or may halt it for a while, but if it moves above 47850 and sustain on the closing basis then the long term threat will dissipate and it may get good strength to move up further, if it moves above 48063.29 & 48105.98 and sustain on the closing basis then it will raise strong hope for a continued up-move in the year-2026, if it moves above 48883.73 and sustain on the closing basis then it may get back into strong up momentum track again but it may witness an accelerated up-move only once it moves above the range of 49607----49647 and sustain on the closing basis.

Its long term uptrend is threatened now and it is correction mode also, therefore likely to go down further, so watch out for next few days how correction culminates and also keeps a watch on the price action for proper direction.

It is important to mention here that that majority of some important technical indicators are weak on the daily, weekly & monthly chart; therefore further fall in coming days, weeks & months looks inevitable at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.