alanmasters

Dow Jones Looking Bearish (Chart Signals)

DJCFD:DJI   Dow Jones Industrial Average Index
The Dow Jones Industrial Average Index (DJI) is also looking bearish .
This chart tends to look very similar, almost the same, as the SPX ( S&P 500 Index ).

The signals coming from this chart goes as follow:

1) Decreasing trading volume .
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) MACD bearish cross while trending lower.
6) RSI broke below 50 while trending lower.

All these are pointing to a drop .

If prices move back up the purple line, there can be another attempt at resistance before more low.

Right now the chart is looking bearish and value can continue to drop .

S&P 500 Index Falling Wedge Broken, Time To Drop? (Chart Signals)

Thanks a lot for reading.

Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades
https://alanmasterstrades.com

🔸Special offers & FREE trades on...
➡️ Telegram https://t.me/AMTrades

🟥 Alan Masters Crypto
🌟 Binance Calls
🔹 LEVERAGED TRADES

💬 CHAT http://alanmasters.chat

Comments

It's good to have two side views in your chart.
Bullish side and also possible bearish side.
Great analysis master.
Reply
Nice chart.. Totally agree with you.. What do you say about my analysis?
Reply
Volume increasing on drop is also bearish which we can see past 2 days
Reply
Wedge broken on low volume. Where are the bears?
Will probably see green tomorrow and Friday with weekly in green
Reply
it should start to dump next week
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out