DJIA Extends Above Support as Buyers Regain MomentumWall Street CFDFOREXCOM:US30FOREXcomThe Dow Jones is showing renewed strength on the daily timeframe after rebounding from the 50-day SMA and reclaiming the 50,523 support area. Price is now trading near fresh local highs around 51,940, keeping the broader short-term structure constructive. The moving averages continue to support the bullish backdrop. Price remains above both the 50-day and 200-day SMAs, with the 50-day average positioned well above the 200-day average. This suggests the broader trend remains positive, while the recent reaction from the 50-day SMA highlights that buyers are still defending dynamic support. Momentum is also improving. The MACD remains above the zero line, although the MACD line is still close to the signal line, suggesting momentum is positive but not yet aggressively expanding. RSI has recovered to around 62, leaving room before overbought territory and supporting the view that buying pressure has strengthened without appearing overly stretched. Overall, the Dow maintains a bullish technical bias while holding above the 50,523 breakout region and the rising 50-day SMA. A continued hold above this area would keep the current trend structure intact, while a loss of that zone could shift the focus back toward consolidation. -MW