Dow Jones (INDU) Up $134 in Last 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Dow Jones 4 Hour Price Update

Updated June 19, 2020 11:14 AM GMT (07:14 AM EST)

26231 was the closing price of the four-hour candle for Dow Jones, resulting in the current 4 hour candle being one in which price moved up 0.51% ($134) from the last 4 hour candle. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Dow Jones Daily Price Recap

Dow Jones closed the day prior down 0.15% (39.51); this denotes the 2nd day in a row a decline has happened. Relative to other instruments in the 8 major global equity indices asset class, Dow Jones ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Dow Jones.

Dow Jones Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Dow Jones’s price has gone up 17 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Dow Jones:

  • From willowmesplay:

    – camping trip to the Capitol Hill Occupied Protest to advocate for funds to be moved to community programs
    – make sellable art and donate all proceeds to a cause
    DISCLAIMER: these won’t with ifyour partner is a racist so if they are, drop them like the Dow Jones on a Friday 💛

  • From usi_research:

    Stocks slumped in Wednesday to end three days of gains, as investors keep an eye on signs of revival of covid cases in some US states and China. Dow Jones dropped 170 points to end at 26,119, while the S&P 500 closed 11 points lower to 3,113. @UTradePH

  • From chrisdoyle46:

    @parscale @realDonaldTrump Trading 115,000 US lives for a few points on the Dow Jones is not a good trade. A proper recovery will happen when people feel safe and Trump has no coherent strategy to achieve that. Head in the sand is not a strategy.

In terms of news links for Dow Jones here’s one to try:

Dow Jones Futures: Investors Hope For Trump’s $1 Trillion Infrastructure Proposal; Coronavirus Stock Rally Back With A Vengeance

If the Dow Jones Industrial futures move above the 50-Week SMA and remain above this level, it is likely for the Dow to recover its Coronavirus stock market losses.  The S&P 500 futures also show strength….In a way, the S&P500 index is a much better representation of the overall stock market….Dow Jones stocks are helping the Dow index to maintain its bullish momentum….The Dow industrial average is back above the 100-week SMA Stock Market Rally  The stock market rally is back in full throttle, and it is highly likely for the S&P 500 stocks to dig themselves out of the big hole that materialized due to the fear of the second wave of coronavirus. I have previously discussed several reasons why the bear arguments are highly misplaced. The Fed is determined to keep this rally going, and their detailed plan yesterday about the purchase of individual corporate bonds changed the momentum in the US stock market….All of this confirms that phase one of the US and China trade deal is working well, and this reduces the tail risk for the US stock market rally.