Chart of the Day - Friday, October 28th, 2022

By Patrick Dunuwila

October 28, 2022
Patrick Dunuwila headshot

Today’s Chart of the Day was shared by Mike Zaccardi (@MikeZaccardi). The Dow closed higher for the sixth consecutive day today and the fourth consecutive week. It gained +5.72% this week, marking its 6th best week in the past decade. Mike points out that it reclaimed its downward-sloping 200-day moving average today. It's been rejected at the 200-day moving average four times already this year. Will the fifth time be the charm?

Filed Under:
Patrick Dunuwila headshot

Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

pdunuwila