Dow outlook – Index may test 4-hr 100-MA support
- As noted last week, Dow has volume divergence as well as RSI divergence on 4-hr chart.
- Price dropping below hourly 50-MA level of 18,489 levels only adds credence to the bearish divergences noted above.
- Consequently, we may see index drift lower to 18,297 (hourly 100-MA).
