Future Dow Jones today forecast New York Stock Exchange trend

Dow Jones trading today
forexgann

Future Dow Jones today July August 2022 technical analysis

Future Dow Jones forecast today in the short and medium term through the economic-temporal cycles of the American statesman W.D. Gann.

Dow Jones Index Stock Market chart

Dow Jones index today
Dow Jones Index weekly

Future Dow Jones forecast

From the period of June 2021 until December of the same year, the Dow Jones Index market gradually began to lose its upward momentum, to make room for a positive laterality that culminated in the week of January 7, 2022.

Following the expiration of the Set Up Weekly on January 21, the American index performed a negative acceleration, which brought the prices below 32,270 points, well below the lows that had previously been generated as a result of the trading range.

Although in the period of last March-April we observed a positive pull-back, the driving force of the American market was rejected in the area of ​​35,300 due to the 1X2 descending angle, which on the slide is indicated with a yellow vector.

In fact, from a top of 35,492 in the week of April 29, prices fell in the week of May 20 to 30,635 on the 1X4 angular support.

The last minimum was that of June 17, the New York Stock Exchange Index reached 29,653 points, to perform a new laterality area in these first weeks of July.

The next short signal will expire in the week of July 15, 2022.

The return below 30,320 points will confirm the short-term negativity, with first supports at 30,025; 28.980.

Medium term Dow Jones trend

Future Dow Jones forecast
Dow Jones Index monthly

As can be seen from the photo just above, the prices of the Dow Jones Index between August 2021 and January 2022 reached the upper side of the long-term bullish corridor consisting of the 1X1 angles.

With the formation of the bearish out-side in January 2021, the American market started a new downward phase confirmed by the last monthly Set Up in June.

In fact, last month the downward dynamics of the New York Stock Exchange accelerated which brought the prices to the 1X1 angular support, which constitutes a median line within the channel.

The corrective trend will be further confirmed for prices below 29,620 points, with supports in the area of ​​27,100; resistances at 32,220.

Long term American Stock Exchange technical analysis

trend dow jones long term
Dow Jones Index quarterly

The long-term bullish dynamic that had characterized the period between the second quarter of 2020 and the fourth quarter of 2021 has ended.

In fact, in the first quarter of 2022 there was the denial of the temporal signal expired in the last quarter of 2021 and the Minimum Square expired in the second quarter confirmed the weakness of the US Stock Market.

Next supports in the area 27,370 points.

Dow Jones Index trading signals

One of the most important innovations introduced by William Delbert Gann in investments and trading field was the correlation of the two dimensions of price and time through a linear geometric mathematical model.

Thanks to this innovation it is possible to identify the Drift and the Variance Rate of the market and the various mathematical-geometric relations of the price-time generate the supports and the dynamic resistances.

A further discovery in the context of the Natural and Dynamic temporal cycles found by Gann are the various internal sections that generate the temporal Set Up or trading signals.

These temporal pivots show the greatest changes in the trend in both the short and long term.

The Top Trader© Stock Exchange software was created in order to correctly apply the Gann technique on all listed securities and markets.

Comments are closed

Check Also

Books on online trading and Forex how to do trading using Gann’s technique

Books on online trading and Forex how to do trading using Gann’s technique Books on online…