. Dow Jones Index News & Technical Analysis - 27 September 2022

Dow Jones Index News & Technical Analysis – 27 September 2022

27 Sep 2022

Dow Jones Index Technical Analysis: Weekly Chart

In the weekly charts, Dow Jones is trading in a down channel. Dow Jones is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 29300.00 the resistance level is at 30100.00

Dow Jones will trade in a down channel until there is a trend reversal.

Dow Jones Index Technical Analysis: Daily Chart

In the daily charts, Dow Jones is trading in a down channel. Dow Jones is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 29300.00 the resistance level is at 30000.00

Dow Jones will trade in a down channel until there is a trend reversal.

How to Trade Dow Jones Index this Week:

Dow Jones will follow the downtrend until its trend reversal. So, remain bearish on Dow Jones.

TRADE SUGGESTION- SELL AT 29651.00, TAKE PROFIT AT 29300.00 AND STOP LOSS AT 30000.00.