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.
Ludovico Reale: financial analyst and owner of www.sospriceaction.com
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