DOW INDUSTRIALS ( DJI ) BREAK BELOW 200 DAY MOVING AVERAGE
The Dow Jones Industrial Average Closed Below it's 200 Day Moving Average ( 24280.03) on 6/25/18
This is a very significant market event as it has been trading above it for months, supporting the bull market rally since late 2016
and the fall below it implies that significant risk is now in the market.
The Dow Daily (Close Only) Weekly Bar Chart that I keep
shows a clear Decisive Break to the downside,
in turn breaking crucial trend line support at DJI 24440 on 6/25, Closing at 24252.80
Dow is now in a "Thin Air " Break to the Downside. Use any rally back towards DOW 24440 to establish Position + SHORT.
THE_UNWIND
This is a very significant market event as it has been trading above it for months, supporting the bull market rally since late 2016
and the fall below it implies that significant risk is now in the market.
The Dow Daily (Close Only) Weekly Bar Chart that I keep
shows a clear Decisive Break to the downside,
in turn breaking crucial trend line support at DJI 24440 on 6/25, Closing at 24252.80
Dow is now in a "Thin Air " Break to the Downside. Use any rally back towards DOW 24440 to establish Position + SHORT.
THE_UNWIND