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

SDAX loosing momentum? 21-08-2021

SDAX loosing momentum?


The last trading weeks have been great for the German stock index SDAX.

But will it continue to rise like this?

Market breadth data suggests that this index looses momentum, with the Advance Decline Line and the McClellan Summation Index topping. The McClellan Oscillator even dropped from a value greater than 2 to a negative value, now being below the zero line the second day in a row.






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