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Dow Jones Technical Analysis

On the daily chart below for the Dow Jones, we can see that the sellers leant on the red long period moving average to position for another fall into the 32684 support as negative news on the debt ceiling front weighed on the Dow Jones. The debt ceiling has always been raised in the past and we have already seen this drama before with resolutions at the last minute. Although, this time there might be a higher chance that the US defaults, the probabilities are still very low, and the market is st... Read More

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Posted: May 22 2023, 08:24

Author Name: forexlive

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