DJI has lost 50 SMA on weekly.Last time this occurred was March 2020, 38% retracement from Feb 20 high.
Previous loss of 50 SMA was Oct to Dec 2018, with a 19% retracement.
29.5k is a 20% retracement from ATH, bringing market back online with Feb 2020.
27k level is 2018 high w/ corresponding 27% retracement.
Near 40% retracement is 22.4k DJI level, corresponding w/ the 2018 low.
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Related publications
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.