Preview of Coming Attractions?

The prior blog noted that in 2022 the Dow Jones Industrial Average (DJI) had a “Death Cross” on the same day a secondary bottom formed.

The daily DJI chart courtesy of Trading View shows that “Death Cross”.

The same phenomenon could happen in the next week.  Watch the DJI – 50 – day and 200 – day moving averages.  If there’s a cross it could identify a secondary bottom above the DJI 10/27/23 bottom. 

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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