DOW - JONES

[PCMAnalyst]

The price is in shark harmonic pattern zone along with negative divergence. We would see it falling by breaking through 15399 area.

[PCMAnalyst]

As we noted win the previous analysis with the Dow Jones index, we saw the price dropped by having a shark pattern formed and happening Negative Divergence (–RD). If the supply pressure persists to stay in the market, we'll have it dropped continually.

[PCMAnalyst]

The price is in shark harmonic pattern zone along with negative divergence. We would see it falling by breaking through 15399 area.

As we noted win the previous analysis with the Dow Jones index, we saw the price dropped by having a shark pattern formed and happening Negative Divergence (–RD). If the supply pressure persists to stay in the market, we'll have it dropped continually.

[PCMAnalyst]

The price is in a long term bullishness channel in the weekly TF. As long as the channel doesn’t break lower, still rising comes for the index.

[Raam]

Dow, S&P 500 Record closing high


US stocks rallied to record highs on Thursday after US jobless data showed a bigger then expected decline on weekly jobless claims.

The Dow Jones industrial Average DJIA +0.75% up 122.33 points or 0.8%, to 16479.88, marking its 50^th record close this year.


The S&P index SPX +0.48% gained 8.7 points, or 0.5% to 1842.02, posting its 44^th record close this year.


The NASDAQ Composite index COMP +0.28% climbed 11.76 points, or 0.3%, to 4167.18.

[PCMAnalyst]

On the daily chart, the price is moving inside an equivalent channel and the same time with forming an Invab=cd non-ideal harmonic pattern we are will be observing a price reversal with a bearish divergence on the pitchfork middle line. until may the 10^th its time will be fulfilled and if the price become stabilized beneath 16600, we are expecting a drop in the index.

[PCMAnalyst]

telegram :