The Dow Jones is under pressure as investors fear that inflation could choke off economic recovery.
The index has been struggling to reclaim the landmark 36000, which coincides with the 20-day moving average. The faded rebound suggests exhaustion after a month-long breakneck rally.
The RSI’s double-dip into the oversold area has attracted buying interest. Though buyers may stay cautious unless the first resistance at 36180 is lifted. On the downside, the previous peak at 35500 has turned into the next support.
Install your trader software at VPS server of one of the super fast providers:
Finance news
 GameStop jumps 5% in extended trading after announcing 4-for-1 stock splitA screen displays the logo and trading information for GameStop on the floor of the ... Read More Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and moreThese are the stocks posting the largest moves in midday trading. Signal2frex feedbacks ... Read More  FTX signs a deal giving it the option to buy crypto lender BlockFiSam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, ... Read More |
