Dow jones

Jun 12, 2022

We are on a third leg down since Jan 5th 2022. The Dow has been in a down channel bouncing off support and resistance. on the daily chart the macd just turned red( sell) . If we break the psychological 30,000 on the Dow we could see lows past the 2020 crash. With (inflation) Gas prices increase, Food shortages, rent and mortgages at a all time high, supply chain issues, interest rates, investors could pull out and the bears who want to make money on the way down could take over.