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Dow Jones Industrial Average (DJI)

NYSE
Currency in USD
Disclaimer
38,675.68
+450.02(+1.18%)
Closed

Dow Jones Industrial Average Discussions

Before today's pull back, the index has succeeded at breaking the 4H MA50 as well as the 1H MA200, which is the first time it has done so since the free fall started in February 20th. We have to take it as a bullish sign, at least on the short term and as 4H remains neutral (RSI = 48.242, ADX = 26.974, Highs/Lows = 0.000), we are exactly on the Higher Low trend line since last Friday's bottom (first Higher Low at 25,030, second at 25,680 and now the third). Technically we should then see a rebound towards at least 27,000. Note that if that happens, then 1H will print a Golden Cross (MA50 crossing over the MA200).
Thanks George
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