DJIA (US30) losing Investor Interest

I personally do not trade Dow Jones Industrial Average but it does not hurt me at all to guide people who do. Well, bad news guys, the picture on the popular index US30 does not look very appealing to the investors at the moment. FEDs are to blame for the vicious rate hike adventure that is drawing investors away from a very large investment pool such as US30.

Technical Perspectives:
1- We have come across an inverted head and shoulders pattern that encompasses nearly 2 years of consolidation and reversal dynamics
2- Darvas Box 1 consolidation exit that is pointing the trend back to pre-COVID levels
3- Blunt Rate Hikes from FEDs is drawing investors away

Counter-inflation measures are actually proving to be a double-edged sword. Not really an appealing picture to buy DJIA shares at the moment!

But considering that it has also presented a great opportunity to go short on US30, you can still make money off the fall. Therefore, trade safe, manage risk responsibly and happy trading :-)