{"id":13407,"date":"2023-03-16T15:48:40","date_gmt":"2023-03-16T15:48:40","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13407"},"modified":"2023-05-20T15:50:27","modified_gmt":"2023-05-20T15:50:27","slug":"dow-jones-is-forming-a-bottom-aiming-at-the-1d-ma50-again","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/16\/dow-jones-is-forming-a-bottom-aiming-at-the-1d-ma50-again\/","title":{"rendered":"DOW JONES is forming a bottom, aiming at the 1D MA50 again."},"content":{"rendered":"<p>Dow Jones (DJI) is trading sideways for the 4th straight 1D candle on the bottom (Lower Lows trend-line) of the long-term Channel Down. As the 1D RSI touched the 30.00 oversold level and rebounded, similar to the September 27 bottom, while the 1D MA50 (blue trend-line) crossed below the 1D MA100 (green trend-line) to form the 1st Bearish Cross since that bottom, we treat this as a strong medium-term buy opportunity, targeting the 1D MA50 and 33100. We need a closing above the 1D MA50 to justify further uptrend as that level rejected the index on March 06.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/US30\/PWLZ7Fbp-DOW-JONES-is-forming-a-bottom-aiming-at-the-1D-MA50-again\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/US30\/PWLZ7Fbp-DOW-JONES-is-forming-a-bottom-aiming-at-the-1D-MA50-again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow Jones (DJI) is trading sideways for the 4th straight 1D candle on the bottom (Lower Lows trend-line) of the long-term Channel Down. As the 1D RSI touched the 30.00 oversold level and rebounded, similar to the September 27 bottom, while the 1D MA50 (blue trend-line) crossed below the 1D MA100 (green trend-line) to form<\/p>\n","protected":false},"author":611,"featured_media":13408,"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-13407","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\/13407","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=13407"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13407\/revisions"}],"predecessor-version":[{"id":13410,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13407\/revisions\/13410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13408"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}