Dow Jones (INDU) Closes Prior Hour Near 27197 (Down 0%); Moves Down For the 2nd Consecutive Day

The Hourly View for INDU

Last Updated September 21, 2020, 12:57 GMT

At the moment, INDU’s price is down -1 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on INDU. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Dow Jones Daily Price Recap

Dow Jones closed the day prior down 0.88% (244.56); this denotes the 2nd consecutive day a decrease has occurred. Relative to other instruments in the equity indices asset class, Dow Jones ranked 10th since the day prior in terms of percentage price change. Below is a daily price chart of Dow Jones.

INDU

Dow Jones Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Dow Jones’s price has gone up 17 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Dow Jones for the past day were:

  • From MrFly187:

    @YesPISTLiberty @wotrwokr @AlgrenQ @boodacat2020 @imthesongbirdy @truth_pilot @downrangechaos @1Quetzalcoatl1 @DiscipleTex @MarkHoliday17 @Deadpools_R_Us @MuscleBalancing @jdd2169 @JDW714 @SwoleKyloRen @TomDoubting @Thumper18560818 @DogsBCool @MonaLisaVito4 @Black_is_back5 @KingCujo @Tom_from_philly @BPeske @NavyGritzngravy @shrekthepunk @lou_bruette @Qfreezone @topleveltroll2 @NobodyInCO @AdrenochromeD @PATRIQT_1776 @Vickie627 @LeaHatesTrump @NotMattrellen @missjulialee @ScorpioPatriot @Lovestr50361283 @instinctnaturel @ChiefLizWarren @gigibuddapdx @ErieMom @GoldDingleberry @punkie_bruiser @CdnShade @Maribon99341706 @AlbinoPolarBaer @ThugLifeNewShit @VenusVegas5 @nikstift @JillayneMC Recession is coming in 18 Month. Haha I am always right. Thank you QBen for showing my tweets I am calling for Recession in USA. Future Dow Jones is dead In water. Where is Making America Great at bc all I say is a dying Stock Market with a dying economy too.

  • From MatchforR:

    $DJIA Something happened in the world in 1994, behind the scenes that forever changed the trajectory of the DOW JONES. No technical book has ever dealt with it. It’s one of those things that you talk privately with people that noticed it. It was a change of Zeitgiest. If that

  • From StuartDNeilson:

    @FryRsquared “Imagine if you could travel back in time to deposit money in an interest account…”We have that opportunity right now. The 6-week growth in Covid-19 is equivalent to 30 YEARS growth in the Dow Jones Industrial Average stock market index.Invest in health, please, everyone.