Will de Dow Jones go back up?

The Dow Jones industrial index reached an all-time high on March 1^st around the 21166 points and since reaching that level, the index started retracing back down. The doubts about the implementation of the economic stimulus that President Donald Trump has promised have been pressuring the US stock markets to the downside. One week after reaching its all-time high, the MACD indicator on the daily chart of the Dow Jones confirmed a bearish trend reversal. The index continued falling until it reached the 20475 point zone where we can find the 55 day EMA (purple line), which is currently acting as a support. Actually, the Dow Jones has consolidated just above the 55 day EMA and is heading sideways. The bars on the MACD’s histogram are getting smaller than the previous ones, showing us that the bearish trend is losing its strength. Therefore, the index may try to bounce back up, but on the other hand, if the index manages to break below the 20475 point level, then the bearish momentum may accelerate even more and the Dow Jones will practically have the road clear to reach the 20000 point area.