The analysis of the Dow Jones index depends on the following factors:
Corporate profits and financial statements of American companies.
US Monetary and Economic Policy.
I think here is an important point:
Because of the coronavirus, stray money is available to people who are unable to get started in this situation.
And that money goes into the stock and bond markets, and that's very important and vital.
In some cases, the financial statements of major US companies were loss-making, but indices such as the Nasdaq and Dow Jones are rising.
The reason for this sharp growth is the injection of the same stray money.
If it is not a factor of 100% growth of these indicators, but it plays an important role in their growth.
Of course, many may disagree with me, but this is my personal view.
In the image below, we take a look at the technical analysis of the Dow Jones index:
As shown in the chart, the Dow Jones Industrial Average is bullish.
If you look at the price trend that I have drawn for you in the chart, we see that after each price increase in the trend, we see a 50% correction.
I predict that this time, as in the past, we will see a price correction to the range of 33150, and then the price will continue to rise.
The Dow Jones price target could be in the $ 35,000 price range after the price correction.
Corporate profits and financial statements of American companies.
US Monetary and Economic Policy.
I think here is an important point:
Because of the coronavirus, stray money is available to people who are unable to get started in this situation.
And that money goes into the stock and bond markets, and that's very important and vital.
In some cases, the financial statements of major US companies were loss-making, but indices such as the Nasdaq and Dow Jones are rising.
The reason for this sharp growth is the injection of the same stray money.
If it is not a factor of 100% growth of these indicators, but it plays an important role in their growth.
Of course, many may disagree with me, but this is my personal view.
In the image below, we take a look at the technical analysis of the Dow Jones index:
As shown in the chart, the Dow Jones Industrial Average is bullish.
If you look at the price trend that I have drawn for you in the chart, we see that after each price increase in the trend, we see a 50% correction.
I predict that this time, as in the past, we will see a price correction to the range of 33150, and then the price will continue to rise.
The Dow Jones price target could be in the $ 35,000 price range after the price correction.