DJIA : The index should retrace after new ATH

TVC:DJI   道琼斯工业股票平均价格指数
The Dow Jones Industrial Average ( DJIA ) has made a quick and powerful bounce from 17883 to 18873 points (Thursday). It represents a 5.5% increase in only one week. The victory of Donald Trump has apparently raised the idea that the new policies might spark a stronger economic growth.

After that short term progression, we can clearly see that the underlying trend is definitely bullish :
- the previous short term tops have all been passed
- a new all-time high ( ATH ) has been drawn
- this bounce approximately matches with a short term reversal point, according a cyclical analysis that highlights a 4.5 months periodicity taking place since July 2015.

On that situation, investors should probably wait a short term correction to enter long on the DJIA. Currently, the technical indicators ( RSI + Stochastics) are overbought : it is not a reason to sell if you are already long, but it is definitely not the moment to enter long if you were not.

A congestion of the last week upside wave could have an amplitude of 62.8% (Fibo retracement + previous short term top) ; above that level, I will keep a close eye on that index to detect bullish reversal indications inside the correction.

Stay tuned for updates, and feel free to leave your views on comments
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出