Dow Jones (INDU) Up $109 On 4 Hour Chart, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average

Dow Jones 4 Hour Price Update

Updated September 17, 2020 07:15 PM GMT (03:15 PM EST)

Dow Jones closed the previous 4 hours up 0.39% (109); this denotes the 2nd consecutive candle it has gone up. On a relative basis, the current 4 hour candle were pretty good: Dow Jones bested all 14 of the assets in the equity indices class 🙂

Dow Jones Daily Price Recap

Dow Jones closed the day prior up 0.13% (36.78); this denotes the 4th day in a row it has gone up. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 8th for the day in terms of price change relative to the day prior. Let’s take a look at the 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. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 14 days Dow Jones’s price has gone up 9 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From Hayess5178:

    For the time being i’m going back in #tether $usdt.
    Got some nice profit from the #alt coin bounce but i’m struggling to keep track of everything.1. The futures markets s&p / dow jones are dumping.
    2. USD $DXY is pumping.
    3. #Gold dumping
    4. $UNI 🤷‍♂️ messing with $ETH chart

  • From ShaoDowMusic:

    Dow Jones and Nasdaq took a whooping so some of my investments are down by quite a bit.It sucks looking at the charts and seeing that you’ve lost money, but considering I’m planning on holding onto most of my investments for around 10 years, I’m not particularly worried

  • 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

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.