Dow Jones (INDU) Down $132 On 4 Hour Chart, Started Today Up 0.59%; Breaks Above 20 Day Average

Dow Jones 4 Hour Price Update

Updated June 24, 2020 03:13 PM GMT (11:13 AM EST)

Dow Jones closed the previous 4 hours down 0.51% (132); this denotes the 2nd candle in a row it has gone down. 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 previous 4 hours.

Dow Jones Daily Price Recap

Dow Jones closed the day prior up 0.59% (153.04); this denotes the 2nd day in a row an upward move has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 6th for the day in terms of price change relative to the day prior. Here is a daily price chart of Dow Jones.

Dow Jones Technical Analysis

First things first: Dow Jones crossed above its 20 day moving average yesterday. 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 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Dow Jones’s price has gone up 17 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 healslu1:

    Uh-huh, uh-huh (Yeah, Rihanna) Uh-huh, uh-huh (Good Girl Gone Bad) Uh-huh, uh-huh (Take three, action) Uh-huh, uh-huh (Hov) No clouds in my stones Let it rain, I hydroplane in the bank Coming down like the Dow Jones When the clouds come, we gone, we Roc-A-Fella We fly higher than

  • From katedoak:

    @brianstelter As always, @AnnieLowrey makes some good points. She misses 2 crucial ones however:
    1. US economy was already in trouble. High Dow Jones doesn’t necessarily translate to wages etc..
    2. US needs to get serious about economic reform with allies, in order to boost sustainable growth.

  • From IncredibleTrade:

    $SPCE news from Dow Jones and Company, Inc.: *Virgin Galactic Signs Space Act Agreement With NASA for Private Orbital Spaceflight to the Intl Space Station. Deal Increases Comml Participation in Human Spaceflight to ISS to Advance LEO EconomyGap up and squeeze

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

Dow Jones Futures: S&P 500 Bearish Bets Explode; Coronavirus Stock Market Rally Fights Covid-19 Wave

The Dow Jones futures are trading higher as traders continue to downplay concerns of a new spike in coronavirus cases….SMITH/AFP via Getty Images) The Dow Jones futures are trading higher by 210 points as the DJIA index steadily continues to record more gains….On the daily chart, the Dow Jones index has moved below its 200-day moving average….If it can’t keep above the 50-day moving average, the coronavirus stock market rally could be in serious trouble.    The DJIA index has also moved below its 50 and 100-week smooth moving averages on the weekly chart….[+] This could be due to the rise in coronavirus cases The S&P500 index closed down by 0.56%, and the Dow Jones industrial average sank by 0.80% yesterday.