Dow Jones 30 Index update 05-13-2020

The Dow Jones 30 Index (DJIA), has rallied up to a major Price Reversal area, S/R (support and resistance) at $24,668 to $24,722, as displayed in the stock chart below. The price action here is a Reaction High, and resulting in selling. The index is not trading above the long term benchmark, of, at least a 20% annualized rate of growth over a 200 day moving average. Several other Indexes are at benchmark, such as Gold (GC) and The Gold Miners Index (GDM) and The Nasdaq 100 Index (NDX), as of today.

This is pure Trend Investing, using price action only, no fundamentals, and no predictions.

Comments and feedback invited on the blog.

Dow Jones 30 Index (DJIA)

Published by Trendanomics

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

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