crashman111
Short

$DJI $DJIA general analysis rising wedge BO

DJCFD:DJI   Dow Jones Industrial Average Index
Rising Wedges are Bearish patterns (a little booboo in the vid) all the rest of the info is in the chart.

Comments

Very fine analysis tyvm Crash.

I agree, been looking for near-term retest of ~23760 +/-100, let's see what falls out. Looks like a real bear ongoing. Expect a lower high later in July/Aug after the bottom fishing, then further decline in Sep.

Notice the price action this past week- very beary. Selling into every rally and the rallies get weaker. Nice runup on Weds tanked intraday 500-pt range- wow. Thursday's weak rally faded. Wonder if will see 21K?!

Index is below the trendline formed by closing prices and at 24100 is right on the trendline from lows on 4-02 & 5-03. But I expect it to test the long trendline reaching back to 2016 intercept ~23760 give/take.
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Love your work crash
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