Day: November 19, 2024

Years?

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Dow Jones price forecast The Dow Jones index

Bloomberg: Dow Jones price forecast The Dow Jones index is churning chart paper near 43,450, holding steady near familiar lows despite a brief test into fresh lows earlier Monday, softening an approach back toward the 43,000 handle. Despite early November’s post-election splurge, the Dow has steadily declined, shedding 2.77% top-to-bottom from record highs at 44,485. Despite a near-term swing into the bearish side, the Dow Jones is holding firmly in the bullish end, trading north of the 50-day Exponential Moving Average (EMA). Even if bears maintain control in the immediate window, a one-sided bull run baked into charts since October of 2023 has left price action well north of the 200-day EMA at 40,250. submitted by /u/Denchock [link] [comments]

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