When two of the three main U.S. stock indices; SPX, DJI, and IXIC do not confirm a new high/low it could signal a trend change.
A bearish signal happened on 08/01/23 when the DJI was the only main U.S. stock index to make a new 2023.
On 10/06/23 the DJI was the only Index to make a new post 08/01/23 decline low.
October is seasonally a bearish month, however sometimes a bottom can occur in early October.
Bears beware, a trend change could be developing.
A bearish signal happened on 08/01/23 when the DJI was the only main U.S. stock index to make a new 2023.
On 10/06/23 the DJI was the only Index to make a new post 08/01/23 decline low.
October is seasonally a bearish month, however sometimes a bottom can occur in early October.
Bears beware, a trend change could be developing.