Sospriceaction

Dow Jones: strong indecision caused by market mover

FX:US30   Index of top 30 shares on Wall Street
Dow Jones index clearly shows a strong indecision. We have confirmation of this by price movement, who sees from the beginning of September a compression area from 18,170 to 18,200 points. This is due to buyers who buy at increasingly high prices, and sellers liquidating their positions at ever lower prices.

All this has created a compression of price and volatility . A key resistance is located at 18,400, and represents a major obstacle for the average short-term trading.

A second indication of indecision is provided by exponential moving averages 9-21-100 periods, that are within the compression range. All these signals confirm the expectation by investors of two important market movers: the FOMC decisions with the announcement of the interest rate and the US presidential election.

Position itself in the market before the release of this information would be very risky, so it is suggested to operate with great caution.

The analysis is for educational purposes only and does not constitute investment advice.

Article translated from its original Italian language.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out