Aetram Global Research: Dow Jones Industrial Average (DJI) Technical Research Report - 02.11.2026

Aetram Global Research: Dow Jones Industrial Average (DJI) Technical Research Report 

Dow Jones Bears Dominate Below 52,020; Recovery May Reach 52,190 While Weakness Under 51,650 Risks 51,500 

• Chart Name: Dow Jones Industrial Average Index (DJI)
• Current Market Price: 51,779.17
• Current Trend: Dow Jones remains bearish after sharp selling, with recovery attempts still technically fragile.
• Trend Dominance: Bears retain firm control as ADX confirms strength and price stays below major averages.

CHART OUTLOOK & PREDICTION

• Dow Jones remains in a bearish structure after losing the 52,020–52,340 moving-average cluster. RSI at 35.12 signals weak momentum, MACD stays negative, and ADX at 45.30 confirms strong direction. Recovery above 52,020 may target 52,190–52,340; failure below 51,650 could expose 51,500–51,250.

UPCOMING EVENTS

• U.S. midterm election outcome could reshape policy expectations and equity sentiment (Negative Catalyst)
• U.S. JOLTS data may influence rate expectations and Dow volatility (Negative Catalyst)
• U.S. employment report could support equities if labour conditions remain balanced (Positive Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 51,650 / 51,500 / 51,250
• Resistance Levels: 52,020 / 52,190 / 52,340

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory reflects a developing lower-high and lower-low sequence following recent rejection. Price remains beneath all major averages, while strong ADX and negative MACD confirm bearish momentum, reclaiming 52,190 would weaken continuation risk.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 52,020, price may move toward 52,190–52,340 zone.
• Bearish Scenario: Below 51,650, downside risk could extend toward 51,500–51,250 zone.
• Neutral Scenario: Between 51,650–52,020, consolidation may remain likely.

FINAL TAKEAWAY

• Dow Jones retains a bearish broader structure, although recovery from 51,650 indicates short-term stabilization. Momentum remains weak, making 52,020–52,190 the key recovery zone. Failure beneath 51,650 may reopen 51,500–51,250, while sustained recovery above 52,190 could improve structure.

CAUTION NOTES

• All Positivity Negates on breaking below 51,650
• All Negativity Negates on breaking above 52,340

DISCLAIMER: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.