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DrDovetail

If the weekly 200ma on the DJI flips to solidified resitance. .

Short
Dow Jones Industrial Average Index (TVC:DJI)  
DrDovetail Updated   
TVC:DJI   Dow Jones Industrial Average Index
Trend Analysis DJI dowjones dowjonesindustrialaverageindex Bearish Patterns
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trendanalysis dji dowjones dowjonesindustrialaverageindex bearish
If the weekly 200 ma flips to solidified resistance on the Dow Jones it's game over for the bull market. For now that's the final hope for this to be just another fakeout. If it fails we will see a 1day deathcross and likely a 1week deathcross as well.
Comment:
so far we've seen a nice bounce up off the weekly 200ma support. We need to keep an eye on both where this weekly candle closes as well as the followup weekly candle as well though as we are still currently in dead cat bounce territory.
Comment:
dead cat bounce confirmed and we are now currently under the weekly 200ma.
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