Dow Jones Bearish or Bullish The Fed’s Next Move Decides!
Dow Jones Bearish or Bullish The Fed’s Next Move Decides!
Dow Jones Bearish or Bullish The Fed’s Next Move Decides!
Dow Jones Bearish or Bullish The Fed’s Next Move Decides!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Trend Analysis
- Overall Trend: Bearish with lower highs and lows until mid-March; recent upward move suggests a potential reversal or correction.
- Moving Averages: Price is below all moving averages (bearish), but the recent uptick is nearing the shorter-term average (possible shift).
Dow Theory
- Primary Trend: Bearish (lower highs/lows).
- Secondary Trend: Recent rally could be a counter-trend; needs higher highs/lows (above 4262.1) to confirm a bullish reversal.
Upcoming Events
- Fed Interest Rate Decision (Today) – No rate change expected, but Powell’s comments on economic outlook are key.
- General Catalysts: Look for economic data (e.g., interest rates, inflation), earnings, or geopolitical events in March 2025 (specifics unavailable without real-time data).
Volume Analysis
- Trend: High volume on down days (bearish pressure); recent uptick has lower volume (lacks strong bullish conviction).
Final Takeaway
- Bearish trend with a potential reversal; price is testing resistance (4161.6–4262.1). RSI (47.79) is neutral, momentum (99.91) slightly positive. Breakout above 4262.1 could signal a trend change; failure may resume the downtrend.
Breakout Strategy (Bullish)
- Entry: Break above 4161.6–4262.1 with volume | Stop Loss: Below 4082.7.
- Target: 4262.1, potentially 4396.1| Indicators: RSI > 50, rising volume.
Breakdown Strategy (Bearish)
- Entry: Break below 4082.7 with volume | Stop Loss: Above 4161.6.
- Target: ~4000 (estimated support) | Indicators: RSI < 30, high volume.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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