- March 21, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
This is basically to last week’s buy signal at the bottom:
As you see Dow Jones (DJI) made a new Lower Low (bottom) on the 4-month Channel Down and broke above the 4H MA50 (blue trend-line) again. The move is supported by a Higher Lows Zone (as is the RSI), similar to the previous Channel Down Low in late December. With the Fed Rate Decision tomorrow always unleashing volatility, we can see one last pull-back and then rebound towards the 1D MA50 (red trend-line) and our 33100 Target.