Dow Jones (INDU) Down $12 Over Past 4 Hours, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

Dow Jones 4 Hour Price Update

Updated May 25, 2020 11:13 PM GMT (07:13 PM EST)

Dow Jones’s 3 four-hour candle positive streak has officially concluded, as the candle from the previous 4 hours closed down 0.05% (12). Those trading within the 8 major global equity indices asset class should know that Dow Jones was the worst performer in the class the current 4 hour candle.

Dow Jones Daily Price Recap

Dow Jones closed the previous day down 0.04% (8.96); this denotes the 2nd day in a row a decline has happened. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a daily price chart of Dow Jones.

Dow Jones Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Or to view things another way, note that out of the past 14 days Dow Jones’s price has gone up 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From Baculus_Amroth:

    @CRUM_de_la_CRUM @_ReaalAmerican_ @realDonaldTrump Because he ignored the COVID-19 threat, which he called a hoax and said it going away, which then spread out and caused states to shut down and the Dow Jones to plummet. Did you think that Trump could take credit for an economy while when it was good while none when it crashed?

  • From dlonorse:

    @rhonda_harbison @atrupar Most Americans are ready to go back to work but not under unsafe working conditions. I guess these workers are no longer “warriors” as Trump says but just human capital stock or inputs of labor. Might as well be cows in his mind. Die for the Dow Jones and the GDP.

  • From ralphafold:

    @JohnCornyn @All100Senators If that’s the price to pay so that everyone will have affordable health insurance, especially in the middle of pandemic, then we’ll take it. Trump & GOP were cool with killing my grandma for the Dow Jones, so I would think they’ll be cool with this too.

For a longer news piece related to INDU that’s been generating discussion, check out:

CHART OF THE WEEK: The Unemployment Rate Signals The Dow Jones Index To Crash To This Level – SRSrocco Report

Posted by SRSrocco
in Economy, News
on May 23, 2020 —
35 comments Even with the highest unemployment rate in more than 80 years, the U.S. Stock Market continues higher regardless of the lousy economic data and fundamentals.  However, without the massive money printing and liquidity injections by the Federal Reserve, the stock market indexes would be substantially lower….When the U.S. Unemployment rate went above 9%, we can clearly see that the Dow Jones Index fell to the BLUE LINE, which represents the 100 Quarterly Moving Average (QMA). If we look at the current unemployment rate of 14.7% for April, the Dow Jones Index is nowhere near the 100 QMA of 13,150. You can thank the Federal Reserve for keeping most Americans from liquidating their 401K’s and retirement plans….I can assure you if the Dow Jones Index continued to fall below the 18,000 level, the GREAT AMERICAN PANIC SELL-OFF would have gone into OVERDRIVE. I will do a new video update showing why the 18,000 level was significant.  So, if Americans really started to sell their stocks, it would have created a NASTY FEEDBACK LOOP instigating even more selling.  Again, you can thank the Fed and for keeping Americans happy, content, and delusional in regards to their 401K’s and retirement plans….With the U.S. Unemployment rate likely to reach 18%-20% by May-June, I don’t see how the Dow Jones Index doesn’t fall to the 13,150 level, or even lower….I day traded at one time….A few days ago, they announced they are waiving fees through the end of the year (one-time only) on those money market funds, to avoid yields going negative.