By TradingView
Publication Date: 2025-12-05 11:09:00
The Dow Jones index remained steady this week, hovering near its all-time high, as investors refocused on the Federal Reserve’s upcoming interest rate decision and key earnings from Adobe, Oracle and Costco.
It was trading at $48,000, its highest level since November 13, and is slowly forming a risky pattern. Will the rally continue or will the blue chip index decline?
The Dow Jones index is slowly developing into a downward trend
The daily time chart shows that the Dow Jones Index has been in a strong uptrend over the past few months, moving from a low of $36,612 to $48,000 today, up 30% from its low in April this year.
The index remained above the 50-day and 100-day exponential moving averages (EMA), a sign that bulls remain in control today. It has also moved above the Ichimoku cloud and the supertrend indicators.
However, the risk is that the stock has formed a bearish divergence pattern as the Relative Strength Index (RSI) and MACD indicators have continued to move…
