Dow Jones Breaks Above 51,800 Resistance, Targets 53,000

On June 17, 2026, the Dow Jones broke decisively above the 51,800 resistance zone and its April up-channel trendline, accelerating the active minor impulse wave 5. This follows the June 16 Elliott Wave assessment that confirmed the end of the wave 2 correction from the March 30 low and the start of wave 3, with sub-waves (i) through (iv) already complete. Earlier analysis on June 15 had identified the completed three-wave pullback from the June 5 peak and a key buying zone at 50,107–49,347, where buyers emerged above the 49,859 low. Analysts now see further gains toward 53,000 as long as support at 49,865 holds, maintaining a constructive bias for U.S. equities.