DOW JONES: MA50-100 Bearish Cross says we've bottomed.

Dow Jones is almost neutral on its 1D technical outlook (RSI = 43.171, MACD = -608.620, ADX = 62.568), rising aggressively since last week. Technically that was the bottom no just on the 8 month Channel Up but also on the LL trendline. We've seen the very same LL bottom on the October 2023 and March 2023 lows, all of which had oversold 1D RSIs. The 1D MA50-100 Bearish Cross marked those bottoms and today we've completed a new one. Technically the index can rise as high as the 2.0 Fibonacci extension (TP = 49,000).

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