Dow Jones sprinting back to neutral zone

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Dow Jones sprinting back to neutral zone Not there yet: After after a quick test of an old high from April (!), the Dow Jones aims to return to a neutral zone. Let's look at both the technical and the market breadth aspects. Technical perspective on Dow Jones Technical chart for Dow Jones created on tradingview.com   The Dow Jones fell through the lower Envelope bands and touched the old all-time high from April at ~ 33 623. Technically, the Dow Jones was in a short-term oversold zone for three trading days.   While the dip from 16th July ended at the rising trendline and was a healthy "higher low", this time the dip left the existing uptrend and also marked a "lower low" compared to the last dip (bearish on short-term). However, this was still an "higher low" compared to the dip we've seen on June the 18th (bullish on middle-term).   The price tried to return to it's SMA 20 but failed at breaking through the barrier at ~ 34 850 / 34 900. Also,

Vacation break for up to two weeks

Boersen Klaus is going on vacation

This is a short note to all readers that this blog is taking a small vacation break.

We will be back around September the 24th.

We wish you a pleasant time and good trading or investment decisions.

Cheers!

 


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