The DJI has been in bullish mode from 2009 ( courtesy of QE ) . Price has only tested the 50 period MAV on 2 occasions.
There has been subtle monthly highs recorded 3 times since early 2018 , all against a falling price momentum.
This divergence creates doubt as to how much further the market will rise , before a significant correction takes place.
The market is structurally sound , and so a short proposition is not on the cards.
An entry for a long, is a long long way, away from current price action at the 50 period MAV......
There has been subtle monthly highs recorded 3 times since early 2018 , all against a falling price momentum.
This divergence creates doubt as to how much further the market will rise , before a significant correction takes place.
The market is structurally sound , and so a short proposition is not on the cards.
An entry for a long, is a long long way, away from current price action at the 50 period MAV......
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.