The Dow Jones Industrial Average surged Is the Dow Jones bullish or bearish for today? Also, the Dow Jones ended up forming a hammer pattern. Thus, pressing against the 21, level. But if the index can break above the level, it is a very bullish sign and the market will continue to move higher.
There is a bit of resistance above and the investors are looking for 22, levels. I think that perhaps the market is a bit choppy now, but in long term, the market will deal with the volatility.
The Dow Jones charts, technically the intraday charts for today is signaling the bearish signals for Dow Jones. Hence, the investors should wait till the trend changes. Hence, I think the market will continue to stay bullish for today. The Dow Jones Industrial Average closed below its first resistance point. But if the level of 20, will break then the Dow Jones will fall another 90 points.
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