Trade Signals – Dow 30 Index 02-28-2020

At the end of the trading session today, we can see that The Dow 30 Index (DJI) has been slicing through support levels like a chain saw through Jello┬«. On the stock chart below, looking at Monthly look-backs, we can see the next major support is is approximately $21,713., .. the area of the sell off December 2018. So if this takes all Spring and Summer to resolve, we wouldn’t be surprised.

Dow 30 Industrials Index (DJI)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: