Dow at 20 EMA.

13 thg 5, 2023

In last analysis we noticed that Dow was taking support at 20 DEMA. Will Dow hold this support or not is big question. If we have look at MACD Signal it is showing a sell signal. So technical. parameters are saying Dow is going to break 20 DEMA. Now if we see fundamentals thei banks are going through tough times. Inflation is till high, and if Tuesdays IP data also if comes below .50% then last man standing will fall off cliff. Next week is make or break of Dow. So wait til tuesday for direction.