Dow Jones Trend Lines, Megaphone, and Rising Wedge

Look at the old school DJI. The index is way behind the S&P and NDX. I am not sure if that means it still has a lot to go or if it is just weak and ready for a correction. It looks like it has completed its rising wedge now, but not the blue region to the left still has a lot of room to go up.

1D

4h

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Maybe it plays out something like this.

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Wednesday 12:07pm Testing the megaphone resistance