Significant downside for US equities

FX:US30   Dow Jones Industrial Average Index
The bottom indicator suggests any change in momentum will be downward as several different momentum lengths are all peaking around the same time,

Notes: US30 ( AKA Dow, YM) In upper chart in RENKO

Therefor the time axis is irregular. But the time of interest is NOW (where the penguin lies)


Thanks to @frodo75 for the straight forward interpretation:
"your indicator is signaling so bullish that it is bearish."

I would add the mean reversion is "built into" the structure of the zero-line indicators so the readings tend to regress to the middle. But they dont have too *re: rsi) no reason the line cant stay up on top 'forever'
+1 Reply
Nice one! I am expecting trend reversal today. SHORT for me too.
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