On the US30 chart, a GANN-FAN has formed over the months, which now reaches the important 1/1 point. This usually means that there is a change in the direction of the price.
In addition, the price of Down Jones is higher than ever before in history, even though the economic damage from Corona was extremely high. In fact, the FED is recommending the implementation of economic stimulus packages to avoid a recession.
As the 1/1 point pulls out by the end of November, not only the technical analysis should be kept in mind, but also the US elections. These will make a significant contribution to the price or future price of the US stock market. Therefore, this analysis serves to give a small insight into the current price development and the technical situation on the chart.
In addition, the price of Down Jones is higher than ever before in history, even though the economic damage from Corona was extremely high. In fact, the FED is recommending the implementation of economic stimulus packages to avoid a recession.
As the 1/1 point pulls out by the end of November, not only the technical analysis should be kept in mind, but also the US elections. These will make a significant contribution to the price or future price of the US stock market. Therefore, this analysis serves to give a small insight into the current price development and the technical situation on the chart.
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Breaking point of 1/1 reached. Even break trough.