State of Dow Jones - Calendar Week 42 2021

Image
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 McClellan Indicators for Hang Seng and Nikkei 225

Here is some recent data on the Hang Seng and the Nikkei 225 indices.

I'll show you the Advance Decline Line and the Advanced vs. Declined data.

The McClellan indicators will be available after the next 7 trading days for Nikkei 225. Huray!


Nikkei 225 Advance Decline Line and Advanced vs. Declined


Hang Seng Avance Decline Line and Advanced vs. Declined



The price decline on the Chinese market is also reflected heavily in the Hang Seng course. The graphs above leave no room for interpretation.

Comments

Popular posts from this blog

State of Dow Jones - Calendar Week 42 2021

State of DAX - Calendar Week 42

State of Dow Jones - Calendar Week 40