Chart of the day: Dow Jones
|The DOW hit all time highs last month and since then has been consolidating its gains. More importantly, the index broke the ascending trend line from the Covid lows back in June. However, the index didn't turn bearish at that point, we grinding higher and consolidated all summer. Today, the Index is parked on another ascending trend line since February 2021. Arguably it is this years "trend." We feel it is important to start monitoring for near term weakness especially as the RSI points lower as it has been divergent since the spring.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.