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

Crypto currencies: BCI 10 market breadth data quick summary

Today's trading day has an impact on the market breadth data - no doubt about that.

Here is the...

Market Breadth Data for the Crypto Index BCI10 from BitPanda

This blog post is a quick summary about today's values for the Advance Decline Line, the % of members trading above their SMA50/100/200 and the McClellan indicators.


Advance Decline Line


McClellan Oscillator and McClellan Summation Index


Percentage of members trading above their SMA50/100/200

 




I attached two screenshots for the percentage of crypto index members trading above their SMA lines. The first screenshot shows the bigger time frame, while the second shows the last 90 days.


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