US Indices capture 50 DMA

The US indices have captured the 50 day moving average (DMA) after the recent fall.

The chart below is of the Dow Jones Industrial Average. It has captured the 50 DMA and the 50 DMA is above the 200 DMA which is bullish.

Similarly the NADAQ chart below shows how it has gone above the 50 DMA and the 50 DMA is also above the 200 DMA.

With the US elections around the corner, volatility is expected. It is possible that we are volatile in a larger range. Trade with caution!

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