Dow Jones Industrial Average Lower Towards 200-Day

Dow Jones Industrial Average Lower Towards 200-Day

The Dow Jones Industrial Average continues to look poised for more selling as the near-term trend remains pointed lower. With that in mind, the trading bias looks to lean favorably for shorts. This could be the case until the important 200-day moving average is tested, a threshold that is also in confluence with prior points of resistance and support. Overall, there is about 800-900 points to go before the 33206 level is hit.

DJI Daily Chart

DJI Chart by TradingView

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Originally Posted on: https://www.dailyfx.com/forex/technical/home/analysis/spx500/2021/09/21/Dow-Jones-Industrial-Average-Lower-Towards-200-Day-PRtech.html
By: Paul Robinson

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