Bounce Zone for DJI - 1HR

25 Şub 2020

As you see here, the DJI has been taking a beating obviously. I try to keep my charts to a minimum when possible. Here we can see that it is just now touching a diagonal trendline support. RSI is below 10. DMI is above 50 which means the current trend is exhausted.

I expect tomorrow to be a relief rally with upside. However, the market is becoming shaky and the overall sentiment / market psychology is changing as the corona-virus is looming in the air.

This is just my opinion, not financial advice.

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26 Şub 2020

Not

The bounce was short lived