{"id":11542,"date":"2021-09-21T18:20:31","date_gmt":"2021-09-21T18:20:31","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11542"},"modified":"2023-05-04T18:23:04","modified_gmt":"2023-05-04T18:23:04","slug":"dow-jones-near-the-1d-ma200-first-time-since-october-2020","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/09\/21\/dow-jones-near-the-1d-ma200-first-time-since-october-2020\/","title":{"rendered":"DOW JONES near the 1D MA200\/ first time since October 2020!"},"content":{"rendered":"

 <\/p>\n

Dow Jones is trading within a Channel Up that has recently broken below the 1D MA100 (green trend-line). This is the first time in two months that is giving the first strong buy signals:<\/p>\n

* The RSI is near the 30.000 level which has marked price bottoms on June 18 2021, October 29 2020 (in the post COVID crash era).
\n* The price is approaching the 1D MA200 (orange trend-line), with the last contact dating back to October 30 2020 (the line held and issued an aggressive rally post US-elections).
\n* The pattern resembles the June – October 2020 Channel Up. The price hit the 1D MA50 (blue trend-line), 1D MA100 and 1D MA200 in the same order and manner.<\/p>\n

Naturally the market is waiting for Fed’s confirmation tomorrow before it engages aggressively on high volume but this is the time technically to start considering a buy entry again. Based on the Fibonacci extension model, a target of 35900 seems very plausible.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/US30\/S6l5Sihv-DOW-JONES-near-the-1D-MA200-first-time-since-October-2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Dow Jones is trading within a Channel Up that has recently broken below the 1D MA100 (green trend-line). This is the first time in two months that is giving the first strong buy signals: * The RSI is near the 30.000 level which has marked price bottoms on June 18 2021, October 29 2020<\/p>\n","protected":false},"author":611,"featured_media":11543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-11542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11542"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11542\/revisions"}],"predecessor-version":[{"id":11546,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11542\/revisions\/11546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11543"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}