DOW has a double top and the daily MA's have a cross on downside. The bottom between the tops has not been taken back from below with a close the last 3 days.This is very important to do if the uptrend will continue. DOW has also got the first close on the weekly chart below the rising 8 week MA , see next picture. The technical daily trend is down but the weekly trend is up. A difficult situation to forecast right now. Must be followed by the hourly charts from Monday.
DOW weekly chart has five sideways bars but the last bar or week has closed below the 8 week MA which is a warning for downside
DOW monthly bar chart from the all time high top 2007 until now. A sudden sharp drop below the rising 21 month MA will come back to that line after a while. Compare with earlier drops.
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