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Dow Jones Technical Analysis

On the daily chart below, we can see that after getting close to the key 34477 resistance, the market sold off and the moving averages crossed to the downside. The sellers keep leaning on the red long period moving average to position for further downside, but the buyers keep fighting back strongly. Recently, the market fell as the US CPI report showed still too high inflation rates and the disinflationary trend slowing, especially for the Core data. The University of Michigan report last Friday... Read More

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Posted: May 15 2023, 08:51

Author Name: forexlive

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