maksimpancheff

DJI early signs of bear market.

Short
TVC:DJI   Dow Jones Industrial Average Index
The price of the DJI is not following anymore the primary upward trend line that began in march 2020, neither the channel line. Is not able to make new higher highs and there is a shooting star in the top of the advance. There is been a 93% upward move since march 2020, which is a record upward move in such a short period of time. Volume is heavier on downward moves than upward moves, there is a volume and price divergence. Also the price is moving sideways, all of this is suggesting that distribution may be happening already.
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