*DJIA* Week 44 – 2020

The weekly candle is a huge bear candle. The MACD histogram formed the 1st bar below zero. Weekly ending at 26503. The market stay above the 26000 psychological support. But we are expecting the bears will continue to ravage the market until US Election result is out.

 





This week the market move higher, MA9 crossed down MA16 during 27th October 2020, TKM v1.2 should have placed Short entry on 28th October 2020 at the open price, 27241. But as stated, we are uncertain on the current market situation. We do not want to put ourselves into the high fluctuations price action. We will skip this trigger and wait for the next fresh signal after the US election.

TKM v1.2 will continue to monitor the market.

 

DJIA Weekly Chart (Week 44 – 2020)
DJIA Weekly Chart (Week 44 – 2020)

 

DJIA Daily Chart (Week 44 – 2020)
DJIA Daily Chart (Week 44 – 2020)



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