State of Dow Jones - Calendar Week 42 2021

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Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on tradingview.com):   The Dow Jones managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t

Advance Decline Line and Advanced vs. Declined Data for Hang Seng and ATX

Advance Decline Line and Advanced vs. Declined data for Hang Seng stock index


 Advance Decline Line and Advanced vs. Declined data for ATX stock index



A quick note about the data

The charts above show the Advanced vs. Declined data I managed to collect so far for the ATX and the Hang Seng. After a couple of trading days, more data will be collected and finally I will be able to calculate the McClellan Oscillator and the McClellan Summation Index for ATX and Hang Seng.

In the mean time, I will continue to give you updates about those two stock indices.


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