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 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

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