First published over the weekend along with daily chart which showed positive divergence. Clearly, the weekly is in charge here and we can assume that is the case with other industrials. Broke trend line. Target bottom of BB 13.86
Notes on chart. 83.02 important support. Break will re-confirm double top, confirm wedge and bring price at least to the bottom of Large Sym Triangle, if not below
Close below BB Mid-Line and HUGE RSI Divergence.
Double Top confirms at 180
Broken trend line
Daily chart presents a possible IHS forming. Wait for set-up Double Top vs. IHS
The daily chart may have some hidden positives. Possible IHS forming. RSI and MACD Histrogram Divergence.
Ascending Triangle could also be seen as a double top on Weekly chart which I'll publish next.
Daily chart tells a different story than weekly, which is weak. Here, the RSI Positive Div and the MACD Histogram are promising. Perhaps a bear flag will set up for lower lows...
Notes on chart. Rising Wedge. Closed below BB mid-line. MACD crossover.