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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
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The Dow Jones Industrial Average reached its all-time high of 31,188 on January 20th and entered a consolidative…
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