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Dow Jones Global Index – Potential Double Top

INDEX:DOWG   DOW Global
Retreat from Thursday’s high of 2486.85 (monthly pivot R1) has opened doors for a potential move lower to neckline level of double top formation seen at 2396.22.

Yesterday’s move higher to 2446.35 does not necessarily mean short-term bearish invalidation. Moreover, bulls would want to see a daily close above 2500 levels before pressing the ‘buy’ button.
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