DOW JONES Test of 4H MA200 imminent to decide the trend.

Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below):


Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even completed a Bullish Cross and the next sequence on that fractal is a 4H MA200 (orange trend-line) test. Our target is 38750.

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