While the Nasdaq (NDX) and S&P500 Index (SPX) already closed below the EMA100 blue line, this isn't true for the Dow Jones (DJI)...
We can see that the DJI managed to stay above EMA100 last week and moving below it just today.
These indexes move together though, so the DJI is not really 'stronger' just a bit behind the rest.
With EMA100 being lost as support, we can expect a major drop in the days and weeks to come.
You can find more details on the chart above or by clicking on the trade ideas below:
(Feb. 14) DJI And The 20 Year MACD Support
(Jan. 23) The Dow Jones Industrial Average Is No Exception (Crash)
(Jan. 26) Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)
(Mar. 13) DJI Bear Run
Thank you for reading.
Thank you for your continued support.
Namaste.
We can see that the DJI managed to stay above EMA100 last week and moving below it just today.
These indexes move together though, so the DJI is not really 'stronger' just a bit behind the rest.
With EMA100 being lost as support, we can expect a major drop in the days and weeks to come.
You can find more details on the chart above or by clicking on the trade ideas below:
(Feb. 14) DJI And The 20 Year MACD Support
(Jan. 23) The Dow Jones Industrial Average Is No Exception (Crash)
(Jan. 26) Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)
(Mar. 13) DJI Bear Run
Thank you for reading.
Thank you for your continued support.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.