State of Dow Jones - Calendar Week 41 2021

State of Dow Jones - Calendar Week 41 2021 Welcome to the second episode of the blog post series "State of Dow Jones", where we look at the leading US stock index from different perspectives and try to determine how solid the current development is. Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on The Dow Jones overcame the old falling highs and the important resistance at 25 000, now trading at 35 294 points. The index is trading above its SMA 20 again and even went into the upper Envelope band. This means the Dow is slightly overheated and it is likely that the index will show a small pull-back before rising again. The RSI is at 60, three trendlines were identified and crossed during the last trading days. The technical chart provides us with enough confidence to say that the correction might be over and the outlook is neutral, or maybe even slightly bullish. Marke

Advance Decline Line for Nikkei 225 and Euro Stoxx 50

 Today I'll publish my data for the Advance Decline Line for Nikkei 225 and Euro Stoxx 50.

As you'll see, there are no clear signals besides that this breadth indicator confirms the price movements of each indicator.

Let's start with Nikkei 225:

Now let's head over to Euro STOXX 50:

Interested in the Advance Decline Line for Dax, Dow Jones, MDAX, NASDAQ 100, S&P500, SDAX and TecDax? Drop me a note or simply visit my Patreon page:

Breadth data for big stock indices on Patreon by Boersen Klaus


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