TVC:DJI   Dow Jones Industrial Average Index
While the DJI is unstable and just broke the symmetrical triangle pattern foreseeing a deep slump, almost all other DJ indices are going down for the past month and even more time. Most stocks experience a negative gain ever since the beginning of 2018 and that cannot bring the DJI up. The expected slump is with the length of the widest place of the triangle, which is equal to 12,5% of the DJI. For more, check US Indices, 30 DJI stocks.
*DISCLAIMER: THIS IS FOR EDUCATIONAL PURPOSES ONLY*
For the continued downtrend a trigger is needed, let us see how we fair this week!
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stamoyo NiyoSoul
@NiyoSoul, Hi, thanks for the comment! This is not the first time that all other Indices and stock prices determine the further price of the DJI.
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NiyoSoul stamoyo
@stamoyo, Agreed... This is sentiment, which I believe is intact for the next few months and through the summer.. However I would wait for clear signals intraday before taking a position.
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