Dow Jones (INDU) Down $156 On 4 Hour Chart, Moves Up For the 3rd Consecutive Day; Nears 20 Day Moving Average

Dow Jones 4 Hour Price Update

Updated September 16, 2020 11:14 PM GMT (07:14 PM EST)

28063 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 down 0.55% ($156) from the last 4 hour candle. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 12th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Dow Jones Daily Price Recap

Dow Jones is up 0.01% (2.27) since yesterday, marking the 3rd consecutive day an increase has occurred. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 12th for the day in terms of price change relative to yesterday. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Dow Jones’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Dow Jones:

  • From ManishB79013135:

    #NIFTY#BANK NIFTY SOMETHING WRONG GOING IN INDIAN MKT? DOW JONES FUTURE 400 POINT UP & OUR NIFTY FUTURE ONLY FLAT? WHY? FRIENDS BIG BIG BREAKOUT COMING SO ONLY BUY ON DIPS & MAKE PYRAMID. U WILL NOT IN LOSS KEEP MY WORDS IN YOUR MIND.& SAVE THIS TWEET.

  • From DeItaOne:

    S&P Dow Jones Indices said today that preliminary Q2 2020 S&P 500 stock buybacks stood at $88.7 billion, which represents a 55.4% decline from the first quarter of this year when share repurchases amounted to $198.7 billion. It was the lowest rate since March 2012 – SI

  • From PKDayTrading1:

    Guys golden opportunity Dow Jones December contract current price 27820 for all my followers who support me likes my calls and retweets my tweets grab the opportunity buy micros based on your account size without stop loss Dow Jones TP 29000 -29600 . Take a screenshot.

As for a news story related to Dow Jones getting some buzz:

Dow Jones Price Forecast: Big Support Holds Ahead of FOMC

Note: Low and High figures are for the trading day.