DOW JONES DAILY CHART WITH 20 DMA
DOW JONES DAILY CHART WITH GOLDEN CROSS
- Dow Jones closed the day below its 20 DMA.
- The candlestick for the day is a bullish hammer which shows buying at lower levels.
- Up trend may not resume if price gets resisted by 20 DMA.
- 50 DMA gave good support for the index. This can extend the effect of golden cross. But if 50 DMA gets broken price will test 200 DMA.