Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings

[MongiIG]

The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope. Ahead, the focus will turn back onto ‘traditional’ fundamental themes that are darkening significantly: growth forecasts and financial stability. And there are events ahead that will charge both worries.

 

 

 

 

[CJ-TradingFloor]

9 minutes ago, MongiIG said:

reversal for the Dow

My view on 4hour chart for the reversal looks like a bullish quasimodo chart pattern has formed for the Dow to buy.

[CJ-TradingFloor]

On 10/10/2022 at 11:23, CJ-TradingFloor said:

My view on 4hour chart for the reversal looks like a bullish quasimodo chart pattern has formed for the Dow to buy.

US CPI pushed Dow up, volatile event.