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Dow Jones Industrial Average (DJI) Preparing for a Huge Drop!

DJCFD:DJI   Dow Jones Industrial Average Index
The Dow Jones Industrial Average’ (DJI) is preparing for a huge drop , according to the chart above, let's take a quick look.

On the chart:

- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop . Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very strong one.
- Last time we saw this type of divergence on the RSI was before the 2008 crash.
- The RSI bearish divergence is also visible on the yearly time frame.

Yearly chart:
A strong drop is coming for the Dow Jones Industrial Average’ (DJI), you've been warned.

Note: This is no trade advice.
This information is for educational and entertainment purposes only.

Thanks a lot for reading.

Namaste.
P.S. If you enjoyed this post please like and follow.
Nov 22
Comment: Signals are solidifying... More red will be coming.

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