State of Dow Jones - Calendar Week 41 2021

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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 tradingview.com): 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

SDAX Advance Decline Line and Advanced vs. Declined Data

SDAX Advance Decline Line and Advanced vs. Declined Data

 

We surely live in interesting (trading) times. The market breadth data on SDAX looks very interesting - I'll leave it to you if you think there is already an anti-cyclical chance. We need to wait for 12 more trading days until I can show you the McClellan indicators for this index. At the moment, there is not enough data.



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