DJIA testing 200-day MA
The Dow has raced ahead of the other US indices in this rebound and it has reached the 200-day moving average.
If this is still a bear trend, then we would expect the next leg of the down trend to start from around these levels.
Notice that the 200-day MA had capped the previous rallies earlier in the year.
Will history repeat itself?
If this is still a bear trend, then we would expect the next leg of the down trend to start from around these levels.
Notice that the 200-day MA had capped the previous rallies earlier in the year.
Will history repeat itself?
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