DOW JONES 02 MAY 2025 - Correction can hit from 41700-41800. Caution advised.

 Certainly! Here's the latest technical analysis for the Dow Jones Industrial Average (DJIA) as of May 2, 2025:

📊 Technical Indicators

RSI (14-day): 60.21 — Indicates a bullish trend, approaching overbought territory.

Stochastic Oscillator: 99.31 — Suggests overbought conditions, warranting caution.

MACD (12,26): 80.59 — Strong bullish momentum.

ADX (14-day): 65.50 — Reflects a strong trend.

CCI (14-day): 133.25 — Overbought, potential for reversal.

Ultimate Oscillator: 61.91 — Supports bullish trend, nearing overbought levels.

Williams %R: -0.55 — Overbought, caution advised.

ATR (14-day): 166.32 — Indicates lower volatility.

Bull/Bear Power: 588.94 — Strong bullish power.

📈 Moving Averages

5-day MA: 41,823.18 — Bullish.

10-day MA: 41,679.16 — Bullish.

20-day MA: 41,382.22 — Bullish.

50-day MA: 41,568.44 — Bullish.

100-day MA: 42,284.33 — Neutral.

200-day MA: 43,210.37 — Neutral. 

🔄 Pivot Points

Pivot Point: 42,542.31

Support Levels: 42,185.96 (S3), 42,294.61 (S2), 42,433.66 (S1)

Resistance Levels: 42,681.36 (R1), 42,790.01 (R2), 42,929.06 (R3) 

⚠️ Summary

The DJIA is exhibiting a strong bullish trend, supported by positive technical indicators.  However, several indicators are approaching overbought conditions, suggesting a potential for short-term pullbacks.  Investors should monitor key support levels and be prepared for possible corrections.