DAILY CHART
- Dow Jones has closed above its 50 and 20 day moving averages in daily time frame.
- Weekly time frame shows price closing the day near 50 and 20 week moving average.
- 20 week moving average will be crossing the 50 week moving average shortly. Since these moving averages are of weekly time frame the effect of this negative cross may not happen immediately.
- The 3rd chart which is a weekly time frame is showing a possible Diamond pattern.
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