So we all know that september is a historically difficult month for the entire stock market, and this September has been no different where we've already seen a little over 5% decline in the Dow , but what if this turns into something much bigger like a full blown stock market crash like we've last seen back in March 2020? well there are a few technical clues that could lead to this, the biggest one right off the bat is Bearish Divergence on the Weekly Timescale because at first glance it would look like it's starting to play out, another indicator is the 20/21ma which dow is currently firmly below this, another thing is that dow has been stalling out since may, and finally we are breaking down below a rising wedge, so with all these things combined i believe that a real, deep correction could be on the horizon
Hi....I agree with everything that you say, but I just can't see it dropping lower than +/- 33k - "they" just keep pushing it up EVERYTIME it drops 3/4/ 500pips.....just keeps coming back up. Sure it's lost 5% but not much more. They will continue to pump & pump it up etc. I hope I'm wrong as I firmly believe that it should be going to the 30k level......time will tell. Thanks