DJIA Forecast: A new stock market record?
The Dow Jones Industrial Average (DJIA) might rise in the medium-long term, according to the daily and weekly charts. The price is above EMA 200 and EMA 50 on the daily chart.
Moreover, the MACD indicator has entered positive territory, on the daily chart. The RSI oscillator stays above 50 on the weekly chart and this is a sign of an uptrend. Historically, the Dow Jones Industrial Average reached an all time high of 26616.71 in January of this year.
The most important data of this week:
US CPI MoM +0.2% expectation ( +0.2% previous)
YoY +2.3% expectation ( +2.2% previous)