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

BitPandas Crypto index BCI10: Market Breadth Data

 

BitPandas Crypto Index BCI 10 - Market Breadth


Market breadth for this little crypto index reflects the strong trading days many crypto currencies have seen during the last two weeks.

The Advance Decline Line is higher than it used to be during the last 2 1/2 months.
Advanced vs. Declined reached the top level and the McClellan Oscillator + the McClellan Summation Index are positive.


The percentage of index members trading above their SMA50 reached 90 percent.
The percentage of index members trading above their SMA 100 started to climb to 20%, reaching the highest value since 1/12 months.
The percentage of index members trading above their SMA 200 is back at 40%. 



 

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