{"id":22670,"date":"2026-02-24T14:40:21","date_gmt":"2026-02-24T14:40:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-forms-an-alarming-pattern-ahead-of-salesforce-nvidia-earnings\/"},"modified":"2026-02-24T14:40:29","modified_gmt":"2026-02-24T14:40:29","slug":"dow-jones-forms-an-alarming-pattern-ahead-of-salesforce-nvidia-earnings","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-forms-an-alarming-pattern-ahead-of-salesforce-nvidia-earnings\/","title":{"rendered":"Dow Jones forms an alarming pattern ahead of Salesforce, NVIDIA earnings"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Dow Jones Index retreated sharply this week as geopolitical risks rose ahead of key earnings by companies like NVIDIA and Salesforce.<\/p>\n<div id=\"cn-block-summary-block_abf0d53945a67bda69a207911f9f226d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The Dow Jones Index has formed an alarming rising wedge on the daily chart.<\/li>\n<li>Market risks, including on Iran and tariffs, have continued rising.<\/li>\n<li>NVIDIA and Salesforce will publish their financial results on Wednesday.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The blue-chip Dow Jones was trading at $48,805, down by over 3.3% from its all-time high. Other top indices like the S&amp;P 500 and Nasdaq 100 also dropped by over 1%.<\/p>\n<h2 class=\"wp-block-heading\">Salesforce and NVIDIA to publish earnings this week<\/h2>\n<p>The Dow Jones retreated as market participants positioned to major risks. One key risk is the rising possibility that the US will strike Iran as soon as this week.<\/p>\n<p>The risk of an attack rose after President Donald Trump warned that he may launch a limited attack on Iran, a move that would lead to an escalation. Such an escalation would then lead to higher oil prices and market volatility.<\/p>\n<p>Market participants are also worried about Trump\u2019s tariffs. New tariffs based on Section went into effect on Tuesday as the administration worked on more long-lasting ones.<\/p>\n<p>The Dow Jones Index also retreated as Jamie Dimon warned of a 2008-like Global Financial Crisis. In a statement, he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-24\/dimon-sees-parallel-to-pre-crisis-era-as-rivals-do-dumb-things?srnd=homepage-americas\" target=\"_blank\" rel=\"nofollow\">said<\/a>:\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUnfortunately, we did see this in \u201905, \u201906 and \u201907, almost the same thing \u2014 the rising tide was lifting all boats, everyone was making a lot of money. I see a couple of people doing some dumb things. They\u2019re just doing dumb things to create NII.\u201d<\/p>\n<\/blockquote>\n<p>Looking ahead, the next key catalyst for the Dow Jones Index is the upcoming Salesforce and NVIDIA earnings, which will come out on Wednesday this week.<\/p>\n<p>NVIDIA, the biggest constituent, is expected to report strong results and forward guidance as demand for GPUs jumped. The average estimate among analysts is that its revenue rose to over $66 billion in the fourth quarter.<\/p>\n<p>Salesforce stock will be in the spotlight as it has tumbled by over 50% from its all-time high. It has dropped as investors remain concerned about the potential disruption by new AI tools by companies like Anthropic and OpenAI.<\/p>\n<h2 class=\"wp-block-heading\">Dow Jones Index technical analysis<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\"><em>Dow Jones Index chart | Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The daily chart shows that the Dow Jones Index reached a record high of $50,560 earlier this year. It has now pulled back to $48,805 as market risks escalate.<\/p>\n<p>A closer look shows that the index has formed a rising wedge pattern, which is made up of two ascending and converging trendlines. It has already moved below the lower side, confirming the bearish outlook.\u00a0<\/p>\n<p>The index also formed a rising wedge pattern as the Relative Strength Index and the MACD indicators moved downwards as it rose.<\/p>\n<p>Therefore, there is a risk that it may keep falling, potentially to the key target at $48,000.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Index retreated sharply this week as geopolitical risks rose ahead of key earnings by companies like NVIDIA and Salesforce. Summary The Dow Jones Index has formed an&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22670"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22670\/revisions"}],"predecessor-version":[{"id":22671,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22670\/revisions\/22671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15204"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}