One For The Ages Dow Industrial's Head and Shoulder's Setup
Much has been made about reversal pattern setup's in various indexes
as the price rally in 2019, has brought many indices up to previous all time highs.
Dow Jones Industrial Average has perhaps the cleanest "Reversal Pattern Setup's"of all major US indices.
This weeks rally up to 26602, could have completed the" right shoulder in
an almost exact, and massive Head and Shoulder's Top.
This is a classic. Sitting right before your eyes.
Ignore it if you must, as bullish sentiment continues to grow by leaps and bounds
However, if your eyes see what I am seeing in the Dow Chart
perhaps a little portfolio insurance might be in order, if you are long.
If you are not long, I am looking at a downright short position on the Dow, using SDOW ETF.
Don't be caught flatfooted and miss this, only to really regret the opportunity after the fact.
This could be one for the ages.
DJI 26559.54 Last
THE_UNWIND
4/20/19
NEW YORK
as the price rally in 2019, has brought many indices up to previous all time highs.
Dow Jones Industrial Average has perhaps the cleanest "Reversal Pattern Setup's"of all major US indices.
This weeks rally up to 26602, could have completed the" right shoulder in
an almost exact, and massive Head and Shoulder's Top.
This is a classic. Sitting right before your eyes.
Ignore it if you must, as bullish sentiment continues to grow by leaps and bounds
However, if your eyes see what I am seeing in the Dow Chart
perhaps a little portfolio insurance might be in order, if you are long.
If you are not long, I am looking at a downright short position on the Dow, using SDOW ETF.
Don't be caught flatfooted and miss this, only to really regret the opportunity after the fact.
This could be one for the ages.
DJI 26559.54 Last
THE_UNWIND
4/20/19
NEW YORK
Comment:
Weekly RSI Peak in the Dow occurred in Feb 2018,
at the time of the "Parabolic" Dow Mini Crash Break in the Pattern.
Of Note : Weekly RSI on the Dow,has yet to recover from that event
going on 15 months later.
THE_UNWIND
4/20/19
NEW YORK
at the time of the "Parabolic" Dow Mini Crash Break in the Pattern.
Of Note : Weekly RSI on the Dow,has yet to recover from that event
going on 15 months later.
THE_UNWIND
4/20/19
NEW YORK
Note the remarkable Bearish Divergence to Price.
THE_UNWIND
4/20/19
NEW YORK