Market Crash or Rebound Dow Jones Next Move Revealed!
Market Crash or Rebound Dow Jones Next Move Revealed!
Market Crash or Rebound Dow Jones Next Move Revealed!
Market Crash or Rebound Dow Jones Next Move Revealed!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Trend Analysis
- Short-Term Trend (1H chart): Bearish
- Price is below the 50, 150, and 200-period moving averages.
- The 50 MA (42230) has crossed below the 150 MA (42019), signaling short-term weakness.
- Medium-Term Trend: Weakening
- Consistent lower highs and lower lows observed since the last peak.
- Long-Term Trend: Neutral to Slightly Bullish
- 390 MA (43384) still above, showing overall longer-term support, but it’s flattening.
Dow Theory (Based on Chart Behavior)
- Market is in a Downtrend
- Lower highs and lower lows pattern confirms a bearish phase.
- Fails to break above previous highs, indicating no confirmation of new uptrend.
- Volume supports the downtrend: Increasing on down days.
Upcoming Events to Watch
- Economic Data Releases (e.g. Non-farm payrolls, CPI, interest rate decisions)
- Earnings Season: Corporate earnings can sway index heavily.
- Fed Commentary or FOMC Meetings: Could lead to major sentiment shift.
Volume Analysis
- Volume spike on recent red candles indicates strong selling pressure.
- 62.621M volume on the last session – considerably high, confirming distribution phase.
Final Takeaway
- Bearish sentiment dominates the market currently.
- Indicators like RSI (24.6), MACD (bearish cross), CCI (-134.9) all support weakness.
- The RSI is approaching oversold, so short-term bounce is possible, but trend remains weak.
- Caution advised for long positions, short setups preferred until strong reversal signs.
Breakout Strategy (Bullish)
- Entry: Above 42386 | Stoploss: Below 42000.
- Targets: 1st Target: 43000 | 2nd Target: 43500 | 3rd Target: 44000.
Breakdown Strategy (Bearish)
- Entry: Below 41500 | Stoploss: Above 42000
- Targets: 1st Target: 41000 | 2nd Target: 40500 | 3rd Target: 40000.
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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