Dow Jones

Key insight

51,586 is mid-range: 52,000 caps upside, 50,800 200-day MA anchors downside. Break of either level sets the next 1,000-point leg — no trade until direction is confirmed.

Holds 51,586 with a -0.08% drift — index is range-bound below the 52,000 round-number resistance while Gold -1.5% and BTC -1.9% signal broad risk-off rotation.

Main risk

10-Year Treasury Yield Spike

Yield surge above 5% compresses Dow P/E multiples fastest in rate-sensitive Industrials; 50,800 200-day MA becomes first line of defence.