Dow Jones make or break point
After the massive sell off in the market as a whole we are at what i consider the make or break point. we are looking at the weekly time frame, this is what we can conclude.
1. DJI hasn't broken below its 200 moving average since the financial crisis in 2008.
2. All major indexes are oversold.
3. The market as a whole needed to reprice.
as you can see as soon as the DJI has hit the 200 MA it has bounced up, the wick gives me the clue to speculate (as traders thats what we are speculators) the market will go up from here. on the contrary, a move below the 200 MA can trigger even a bigger sell off. is it time to load up on stocks? according to my research, yes! always do your own research before making any investment, and take the volatility of the market carefully.
1. DJI hasn't broken below its 200 moving average since the financial crisis in 2008.
2. All major indexes are oversold.
3. The market as a whole needed to reprice.
as you can see as soon as the DJI has hit the 200 MA it has bounced up, the wick gives me the clue to speculate (as traders thats what we are speculators) the market will go up from here. on the contrary, a move below the 200 MA can trigger even a bigger sell off. is it time to load up on stocks? according to my research, yes! always do your own research before making any investment, and take the volatility of the market carefully.
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