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 (Best choice!)
Access the Best Altcoins/Crypto Trades & Learning/Strategy Material
https://alanmasterstrades.com

💬 Chat room http://alanmasters.chat
➡️ Telegram https://t.me/AMTrades

VIP Channels 🌟 BC 🟥 AMC 🔹 BBL

Comments

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 Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out