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Saturday, October 26, 2024

Dow Crosses Below 200 Day Moving Average for First Time in 2013

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

'They' said it could never happen… 'They' said to BTFATH… The Dow has now dropped 6.2% from its highs 14 days ago  – the biggest such drop in 11 months and for the first time in 2013 has crossed below its 200-day moving average. The trend is no longer your friend it would seem…

Dow is at 14719 and the 200DMA is 14728.5… the 50DMA has also crossed below the 200DMA

 

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