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Dow Jones

27 Oct 2020 ‚óŹ 03:38 AM

The DJI pulled back to the lower Bollinger band on daily charts and the 20 week average on weekly charts with the daily momentum going back below zero. All this means that the minimum correction is done. Now unless the Dow wants to fall further it can bottom here as well and needs watching. If a base forms and prices turn up we could see bullish momentum develop. It may not happen immediately ahead of elections so till the event is on we may remain near the lower end of the range.

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