Dow Jones is Up for the 2nd Day in a Row

News Releases Impacting Dow Jones

  • Forecasted Core Inflation Rate YoY in United States: 6.1%. The previous number: 5.9%. (3.39% difference between the two.)

The Daily View for Dow Jones

  • At the moment, INDU’s price is up 29.07 (0.09%) from the day prior.
  • The daily chart shows that Dow Jones has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Dow Jones. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • 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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