Dow Jones Industrial Average Index Goes Bearish
Updated
The Down Jones Industrial Average Index just broke below support after hitting a new all-time high and is looking quite bearish.
The next move is clearly depicted in the chart above.
We are looking at a bearish RSI and MACD.
After a failed bounce, EMA50 (26677.5) is going to be tested next. If this level fails, the DJI is very likely to move lower all the way to 26198.9.
At this level, 26198, a small jump can happen and depending on market conditions, the DJI will either bounce or go lower.
Lower is the what we are looking at right now.
Thanks a lot for reading.
Namaste.
The next move is clearly depicted in the chart above.
We are looking at a bearish RSI and MACD.
After a failed bounce, EMA50 (26677.5) is going to be tested next. If this level fails, the DJI is very likely to move lower all the way to 26198.9.
At this level, 26198, a small jump can happen and depending on market conditions, the DJI will either bounce or go lower.
Lower is the what we are looking at right now.
Thanks a lot for reading.
Namaste.
Note
Dropped with good strength and momentum... Can go lower after bounce.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.