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

BitPandas BCI10 Crypto Index Market Breadth 19.08.2021

 

BitPandas BCI 10 Crypto Index Market Breadth for 19.08.2021


Honestly, I thought Crypto currencies would suffer from more weakness during the last trading days. But the BCI10 and its components show an incredible strength.

Market breadth data for the BCI10, however, shows a small decline for the percentage of members trading above their SMA 50. This is usually a sign that the positive trend lost some momentum.

The McClellan Oscillator has been negative two days in a row, but is already showing tendency to move back to the zero line.

The McClellan Summation Index is still strong.




 

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