Dow Jones hits ATH with RSI at 74.6: Reversal risk live

The Dow Jones Industrial Average hit a record high of 54,656, but the move is accompanied by strong overbought signals that raise near-term reversal risk. On the 5-hour chart, RSI is at 74.6 and Money Flow Index is 96.21, while price sits 2.3% above the 20-period moving average, suggesting an extended rally. Technicals remain bullish for now, but the article warns that fading momentum and a bearish rejection wick near 54,880 could trigger a pullback. Key support is seen in the 53,260–53,642 zone, where Fibonacci retracements and moving averages converge. A break below 53,260 would increase the risk of a deeper slide toward major moving averages. The tone is cautious: despite record highs, traders are being warned about a possible bull trap and whipsaw conditions after a sharp parabolic advance.