Dow Jones Industrial Average Index War Correction
The Dow Jones will not crash as hard as the NDX, I don't know why because I don't know the dynamics driving this index but the correction will be smaller compared to what is coming to the Nasdaq 100 Index.
➖ There is a rising wedge pattern and this pattern is bearish.
➖ There is a super strong bearish divergence with the RSI, it started in December 2023.
➖ There is also a very strong bearish divergence with the MACD, both short-term and long-term.
We will say it is because of the war. "The market is going down because of the war."
But the market moves in cycles and it goes down after going up and it has been going up for long, so time to reverse.
P.S. It will recover after the crash.
Namaste.
➖ There is a rising wedge pattern and this pattern is bearish.
➖ There is a super strong bearish divergence with the RSI, it started in December 2023.
➖ There is also a very strong bearish divergence with the MACD, both short-term and long-term.
We will say it is because of the war. "The market is going down because of the war."
But the market moves in cycles and it goes down after going up and it has been going up for long, so time to reverse.
P.S. It will recover after the crash.
Namaste.
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