Dow Jones Industrial Average Analysis
There's always the potential for a massive buy back before we cross the monthly level. That may have been what happened in 2015 to stop that crash. But we were coming out of a recession still, the market not bearish yet and the FED was still in QE with low interest rates. Times are different now. I think this looks to far gone to reverse direction now.
Note
They held that monthly like their lives depended on it. Largest single day gain in DJI history I heard.Note
I think it'll come back and test the weekly support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.