welcome to todays DowJones market analysis.
The market price confirmed higher lows and lower highs since 4/20 and the sales has been steadily increasing since then.
Since April 20, the market has also formed a triangle formation and the indicators indicate a continuation of the rising sales .
The generell market is declining since beginning of March which indicates and incoming bigger market move in near future.
We are currently seeing two possible price developments.
1. The price rises over 34,000 points in the next few days and closes above it on the . That would be a strong signal to buy.
2. The price falls below the triangle and closes below 33.500 points on the . This would have a correction up to at least 33,000 points according to. This is where the next support and a gap still to be closed and the 50 days will be located. We think this variant is more likely as last week the dollar made a strong rise and break out of the . A buy signal is generated as soon as the price stabilizes at 33.000 points. If this is not the case, the next stop is at 32.000 points but we think it is unlikely that the price will fall to this range.
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