Dow Jones technical analysis

The Russia–Ukraine conflict, commodity price spikes, inflation concerns, and a very hawkish Fed outlook have caused recession fears to rapidly intensify and equity markets to sell off sharply. Equity markets are likely to slip further. Coupled with the Fed’s tapering of its bond-purchase program, which is likely to conclude by the end of this month, For me, the US30 index is unlikely to pick up more pace but soon it may enter into a bear market territory in the months ahead.


Note that my forecasts can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing.

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