{"id":34932,"date":"2020-10-05T13:33:26","date_gmt":"2020-10-05T09:33:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34932"},"modified":"2020-10-05T13:48:59","modified_gmt":"2020-10-05T09:48:59","slug":"dow-jones-starts-the-week-on-positive-side","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-starts-the-week-on-positive-side\/10\/05\/tech-analysis\/","title":{"rendered":"Dow Jones Starts the Week on Positive Side"},"content":{"rendered":"\n<p>The Dow Jones Industrial Average started the week with a slight bullish bias after establishing a good support floor around 27700.<\/p>\n\n\n\n<p>Technically speaking, looking at the 4-hour chart, we find that the stochastic indicator is consolidating around overbought areas, in conjunction with the RSI&#8217;s attempts to obtain positive signals on short intervals.<\/p>\n\n\n\n<p>With the intraday trading remaining above 27670, we expect the bullish bias today, noting that breaking 27800 will facilitate the path to 27880.<\/p>\n\n\n\n<p>On the downside, holding below 27670 negates the suggested scenario and puts the price under temporary negative pressure targeting 27640 then 27600. Warning: The risk level may be high.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong>27720<\/strong><\/strong><\/td><td><strong>R1: <strong>27800 \u00a0\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong>27670<\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong>27840\u00a0\u00a0\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong>27640\u00a0\u00a0\u00a0<\/strong><\/strong><\/td><td><strong>R3: <strong>27880 \u00a0\u00a0<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average started the week with a slight bullish bias after establishing a good support floor around 27700. Technically speaking, looking at the 4-hour chart, we find that the stochastic indicator is consolidating around overbought areas, in conjunction with the RSI&#8217;s attempts to obtain positive signals on short intervals. With the intraday &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6902],"class_list":["post-34932","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-dow-jones"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34932"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34932\/revisions"}],"predecessor-version":[{"id":34942,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34932\/revisions\/34942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34933"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}