Dow Jones - major correction is incoming soon
Fundamental view
I think it's time for a major correction in the Dow Jones index. The American economy has demonstrably reached the end of the economic upswing cycle and is slowly moving in the direction of recession. The big problem is that the world economy is very inflated by credit and only a small part of real value has been created in the last 5-10 years since the last financial crisis and that's where my concerns come in. No one knows exactly how long the money printing goes on. The Americans have with their "world currency (which is worth nothing)" unfortunately all economic possibilities to push their own economy still further for years. However, I see a big danger for the artificially inflated economy with the emerging trade dispute with China and now additional with the Iran.
Last but not least, the latest employment and labour market data from the US show that the economy is going into recession
Technical view
-MACD baselines near bearish crossing which brings sellers into the market
-RSI line is near trend resistance line
-50 day moving average (yellow line) crossed the 100 and 200 day moving which is bearish indicator
-market moves within down trend channel and need a break & close on daily above resistance line for next big up wave
I think it's time for a major correction in the Dow Jones index. The American economy has demonstrably reached the end of the economic upswing cycle and is slowly moving in the direction of recession. The big problem is that the world economy is very inflated by credit and only a small part of real value has been created in the last 5-10 years since the last financial crisis and that's where my concerns come in. No one knows exactly how long the money printing goes on. The Americans have with their "world currency (which is worth nothing)" unfortunately all economic possibilities to push their own economy still further for years. However, I see a big danger for the artificially inflated economy with the emerging trade dispute with China and now additional with the Iran.
Last but not least, the latest employment and labour market data from the US show that the economy is going into recession
Technical view
-MACD baselines near bearish crossing which brings sellers into the market
-RSI line is near trend resistance line
-50 day moving average (yellow line) crossed the 100 and 200 day moving which is bearish indicator
-market moves within down trend channel and need a break & close on daily above resistance line for next big up wave
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
