Dow Jones is Down for the 4th Day in a Row

News Releases Impacting Dow Jones

  • Forecasted Inflation Rate YoY in United States: 8.1%. The previous number: 8.5%. (4.71% difference between the two.)

The Daily View for Dow Jones

  • At the time of this writing, INDU’s price is down -84.96 (-0.26%) from the day prior.
  • Dow Jones has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between INDU’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in INDU’s price.

Below is a daily price chart of Dow Jones.

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