The Dow Jones Industrial Average incurred noticeable losses, negates the bullish corrective path as we expected, touching the stop losses order published in the previous analysis at 33,650. On the technical side, we tend to negativity, based on the stability of the RSI below its mid-line 50, coinciding with the …
Read More »Dow Jones May Witness Attempts to Recover
The Dow Jones Industrial Average witnessed negative trading during the previous session, after finding a strong resistance level around 34,070. On the technical side, we tend to be positive, but cautiously, relying on the index’s success in stabilizing intraday above 33,650, accompanied by the RSI’s continuous attempts to obtain bullish …
Read More »Dow Jones loses Before The Fed meeting
Negative trading dominated the movements of the Dow Jones Industrial Average on Wall Street, canceling the expected positive outlook during the previous analysis, touching the stop losses order published in the previous analysis at 34,230, recording its lowest price at 34,190. On the technical side today, and with a closer …
Read More »Dow Jones Touches Goal And Positivity Remains
The Dow Jones Industrial Average managed to achieve the official target published in the previous report, at 34,540, to record its highest level at 34,554. Technically, by looking at the 60-minute chart, we find that the RSI is stable above the 50 mid-line, and on the 4-hour time frame, Stochastic …
Read More »The Dow Jones Looking For More Momentum
The movements of the Dow Jones Industrial Average witnessed mixed trading at the end of last week’s trading within the expected bearish path, explaining that breaking 34,415 increases the negative pressure to target 34,180, hit a low of 34,310. On the technical side today, the current movements are witnessing a …
Read More »Dow Jones Facing Negative Pressure
Negative trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish context during the previous analysis, touching the first target that is required to be achieved around 34,380, to record its lowest level at 34,387. On the technical side today, …
Read More »Dow Jones May Have a Temporary Drop
The current movements of the Dow Jones Industrial Average are witnessing a slight bearish tendency, as a result of hitting the resistance level of 34,640. On the technical side today, and with careful consideration on the short time frames, we find that the RSI tends to the negative, in addition …
Read More »Dow Jones Maintains Gains
We adhered to intraday neutrality during the previous analysis, due to the high-risk rates as a result of conflicting technical signals, explaining that activating the buying positions requires witnessing a clear and strong breach of the resistance level 34,660, and that may enhance the chances of rising towards 34,720 to …
Read More »Dow Jones Awaits New Orders Ahead of US Data
The Dow Jones Industrial Average declined on Wall Street yesterday, nullifying the positive outlook as we expected. We indicated during the previous analysis that activating the bullish scenario depends mainly on the stability of trading above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 …
Read More »Dow Jones Continues to Rising
Positive trades dominated the movements of the Dow Jones Industrial Average, and the index still maintained positive stability, recording its highest level during the previous session, 34,960. On the technical side, the bullish bias is still likely, depending on the indicator’s continued obtaining positive signals from the RSI and its …
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