TipTVFinance

Dow 30 – Bearish price RSI divergence on hourly chart

OANDA:US30USD   US Wall St 30
The bearish divergence on the hourly chart amid suggests potential for a corrective move to 18,723 levels.

The Trump rally appears to be overdone, while the markets have jacked-off treasury yields significantly higher in a very short period of time.

Moreover, Trump is yet to announce fiscal stimulus and there is every possibility that he may fall short of the market expectation. Furthermore, Dec Fed rate hike bets are above 80%. Forex markets appear to have priced-in the heightened rate hike probability… equities are yet to do so.

Hence, a retreat to 5-DMA level of 18,684 today cannot be ruled out.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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