Business
Dow Jones Forecast: Will There be Another 10 Percent Price Drop? – DailyFX
The Dow Jones entered a technical correction after breaking the “Ascending Channel” formed since early November. MACD divergence points to bearish momentum that…
Dow Jones Index Technical Forecast: Bearish
- The Dow Jones stock index hit an all-time high of 31,188 before entering into consolidation
- The index broke an “Ascending Channel” with bearish momentum, pointing to a deeper pullback
- A 10 percent correction will lead to a test of the 61.8% Fibonacci retracement level at 28,100
Recommended by Margaret Yang, CFA
Get Your Free Equities Forecast
The Dow Jones Industrial Average reached its all-time high of 31,188 on January 20th and entered a consolidative…
Continue Reading
-
General14 hours agoTaylor Swift breaks Adele’s record for most album sales in first week
-
General19 hours agoMan charged with murder after alleged assault victim dies in Hervey Bay
-
Noosa News18 hours agoPublic health alert for nitazenes issued after person dies in Queensland
-
Business17 hours agoWhat’s Macquarie’s price target on Mineral Resources shares?