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

TECDAX SDAX and MDAX Advance Decline Line and other market breadth data

 Just a quick reminder that you can view market breadth data, such as

  • TECDAX SDAX MDAX Advance Decline Line
  • TECDAX SDAX MDAX McClellan Oscillator
  • TECDAX SDAX MDAX McClellan Summation Index

on our new website for market breadth data.

Here are the links so you can directly head over to the relevant chart dashboards:

I think especially in this week the market breadth data for TECDAX is very interesting. The index shows a great strength and market breadth data is supporting the current development. 


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