The Dow Jones Industrial Average Is No Exception (Crash)
We looked at the Nasdaq and S&P 500 Index, the Dow Jones Industrial Averages is no exception, the bears are now in control.
Weekly, the DJI is closing below EMA10 and EMA21.
Only EMA50 remains as support.
Below EMA50, we will see much lower prices as mapped on the chart.
Looks like we will have a repeat of what happened back in March 2020... A strong correction followed by a long, drawn-out recovery.
Additional details on the chart.
Namaste.
Weekly, the DJI is closing below EMA10 and EMA21.
Only EMA50 remains as support.
Below EMA50, we will see much lower prices as mapped on the chart.
Looks like we will have a repeat of what happened back in March 2020... A strong correction followed by a long, drawn-out recovery.
Additional details on the chart.
Namaste.
Note
Below you can find the analysis for the SPX, NDX and BTC.All these are also feeling strong bearish pressure.
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Bitcoin Downward Pressure
S&P 500 Index Downward Pressure
NASDAQ Downward Pressure
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
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Related publications
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.