Premium Stock Market Update 9/27, The Dow Jones Industrial Average (DJIA) has notably fractured its recent uptrend, violating not only its ascending support line but also plunging below its 200-day moving average (200MA). This development adds fuel to the bearish argument. However, it's worth noting that a breach of the 200MA often serves as the catalyst that prompts indecisive traders to capitulate, liquidating their long positions in a frenzy. Ironically, such widespread panic can sometimes set the stage for a market bottom, particularly when aligned with seasonally bullish trends. What remains to be seen is whether these seasonal tailwinds will manifest in upcoming price action.
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