DJ:DJI   Dow Jones Industrial Average Index
Hello guys today I will be covering the dow jones. In the chart you see it forming a rising wedge. This is a bearish pattern and it almost broke out of it two days ago. The macd shows a bearish cross and the rsi is in the 60 range. Both these indicators resemble the crashes in 08 and 01. The market is long overdue for a crash and seems like it is the perfect time to happen.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.