voluntarymess

DJI decision before summer equinox

Short
DJ:DJI   Dow Jones Industrial Average Index
The DJI appears to have the markings of an incoming bear market, at least in the short term. A descending triangle with declining volume, coupled with a 200 SMA squeeze and declining RSI certainly don't paint a rosy picture. I personally have no skin in the game here, but it's an important indicator when judging the overall economy. A breakout should happen in the next month/month-and-a-half....which direction I don't know. I would imagine the bears are hungry after a long hibernation. Be careful out there bulls!

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.