DJIA testing 200-day MA
The Dow has raced ahead of the other US indices in this rebound and it has reached the 200-day moving average.
If this is still a bear trend, then we would expect the next leg of the down trend to start from around these levels.
Notice that the 200-day MA had capped the previous rallies earlier in the year.
Will history repeat itself?
If this is still a bear trend, then we would expect the next leg of the down trend to start from around these levels.
Notice that the 200-day MA had capped the previous rallies earlier in the year.
Will history repeat itself?
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.