{"id":35572,"date":"2020-10-16T10:55:41","date_gmt":"2020-10-16T06:55:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35572"},"modified":"2020-10-16T10:55:43","modified_gmt":"2020-10-16T06:55:43","slug":"dow-jones-faces-negative-pressure","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-faces-negative-pressure\/10\/16\/tech-analysis\/","title":{"rendered":"Dow Jones Faces Negative Pressure"},"content":{"rendered":"\n<p>The Dow Jones Industrial Average managed to achieve the targets required to be reached in the previous analysis at 28030, posting a low of 28038.<\/p>\n\n\n\n<p>Technically, by looking at the 60-minute chart, we find that the 50-day moving average is pressing the price from the top, with the stochastic gradually losing the bullish momentum.<\/p>\n\n\n\n<p>Therefore, the bearish bias may be the most likely today, provided that breach of 28240 is confirmed, and this facilitates the mission required to visit 28100 as a first target, followed by 27850.<\/p>\n\n\n\n<p>From the top, with steady trading above 28500 and most importantly 28550, the bearish scenario is negated, and the index returns to trade positively towards 28740. <\/p>\n\n\n\n<p>Warning: the level of risk may be high and not proportional to expected return.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong>28100<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong>28550 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong>27845<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong>28740\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong>27655\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong><strong>28995 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average managed to achieve the targets required to be reached in the previous analysis at 28030, posting a low of 28038. Technically, by looking at the 60-minute chart, we find that the 50-day moving average is pressing the price from the top, with the stochastic gradually losing the bullish momentum. Therefore, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35582,"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":[7222,7192,6882,7193,7227],"class_list":["post-35572","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-dow","tag-forex","tag-jones","tag-technical"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35572","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=35572"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35572\/revisions"}],"predecessor-version":[{"id":35583,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35572\/revisions\/35583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35582"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}