InvestingScope

DOW JONES leading the way against BITCOIN, APPLE, GOLD

BITSTAMP:BTCUSD   Bitcoin
It may come as a surpris to many but Dow Jones has been in the past month leading major markets in bullish momentum. Compared to Bitcoin, Apple and Gold, the Dow Jones index has not only broken above its 1D MA200 (orange) in the past month but also above its Falling Resistance (Lower Highs) from it market high.

On the other hand a major growth asset like Bitcoin has never been above its Falling Resistance or above the 1D MA200 since January, virtually the whole year. Apple remains below both its Falling Resistance and the 1D MA200 where it had two rejections in the past 30 days while the safe haven asset of Gold, despite breaking above its Falling Resistance this month, it has last week an emphatic rejection below the 1D MA200.

Is Dow leading the way to investors?



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