(Dow Jones) DJI - 2B or not 2B reversal, that is the question?
Note the gap down and failure to complete a daily candle that holds 'above the old Dow Jones high'.
Note also, if the Dow Jones index drops away from here a 2B bearish reversal, neither the S&P500 nor Nasdaq 100 indexes make new highs, consistent with their 1-2-3 bearish reversals themselves.
CN50USD - Still has further to fall to break the UpTrend.
Unfolding Evergrande crisis may take up to 12 months to fully blow up as crisis that takes the World's economy down..
Like the LTCM or Subprime crisis, took 12 months to fully realize as the Asian financial crisis and GFC respectively.
Nasdaq100 index- Rising Wedge pattern. 60% probability of downward breakout. Downward breakouts or some of the worst performers with unacceptably high failure rates (according the Bulkowski research).
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