Trading news

Dow Jones – prognosis via Dow Theory for calendar week 37/2015

Weekly chart:

No change since last week. The Dow has broken the very mature uptrend, making it effectively trendless. The strong reversal candle from the week before last was not confirmed last week. Quite the opposite, the market picked up the downwards movement once more.


Daily chart:

In the daily chart, the downtrend can be clearly seen. The last correction zone is located between 17078 and 17536 points. The current correction reaches down to 16684 points. Since then, the market is going in the general direction of passing over into a movement again, without, however, really picking up momentum. As before, both options remain open: continuation of the downward movement or expansion of the correction.


Hourly chart:

The uncertain situation can be seen particularly here in the hourly chart. The trends are alternating very frequently and are also quite swiftly broken again. Currently, we are in a trendless phase, since the last downtrend was broken but no new uptrend has been able to develop yet. For this, the marker at 16277 points would have to be broken through by the closing price.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 07 Sep, 2015 / 3:21

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