KoosKanmar

#DJIA We are in a very precarious spot.

Short
DJ:DJI   Dow Jones Industrial Average Index
There has been a lack of momentum above the 200 day weighed moving average. If weakness continues today, we will most likely end up with a bearish inverted hammer on the weekly. This is not the type of set up where you would want to add to current positions. Strength was likely driven by retail investors and not institutions. A correction in a bear market.

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