Dow Jones 4 Hour Price Update
Updated June 22, 2020 03:13 PM GMT (11:13 AM EST)
Dow Jones came into the current 4 hour candle up 0.02% (5) from the open of the last 4 hour candle, marking the 3rd candle in a row an increase has occurred. Relative to other instruments in the 8 major global equity indices asset class, Dow Jones ranked 2nd since the last 4 hour candle in terms of percentage price change.
Dow Jones Daily Price Recap
Dow Jones closed the previous day down 0.8% (208.64); this denotes the 3rd day in a row a decrease has occurred. On a relative basis, Dow Jones was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Let’s take a look at the daily price chart of Dow Jones.
Dow Jones Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Dow Jones crossed below 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. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Dow Jones:
- From ObviousInvestor:
In your opinion, where will Dow Jones be by the end of next week?$AMZN $AAPL $AMD $BA $BABA $FB $CRM $DDOG $TGT $GOOGL $ROKU $TSLA $SPX $SPY $TDOC $COST $ZM $GILD $USO $NVDA $ROKU $BYND $SNAP #OOTT $TWTR $IBM $NKE $DJI $SHOP $SPOT
- 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
- From Railing56:
For Donald Trump, the most important metric of his presidency is clearly the Dow Jones. To those following markets, it’s clear that the American regime releases headlines at strategic times to pump the market.