DJI And The 20 Year MACD Support

14 lut 2022

We have the Dow Jones Industrial Average Index (DJI) opening red below MA200... Full bearish control.
This is the same signal we looked at on the S&P 500 Index (SPX).

Just like Ethereum, Cardano, Bitcoin, Solana, Polkadot, etc. The SPX, DJI, NDX all move together.

What one does, the rest follows.

Here is the daily MACD for the DJI:

We just lost a 20+ year long support.
This is a very bad signal that tells us of a potentially strong correction to come.

The correction has already started.
What is left is only to know how much lower can it go.

I've mapped multiple support levels on this and previous charts.

Namaste.