The Dow 30 Index moving into long term Downward status

trading well under Reversals

Trend following the Dow Jones Industrials Index $DJI today. Looking at the Weekly Reversal (multiple 5% reversals), it is trading well under a major S/R (Support and Resistance Price Level) of $26,184.00. And The Index today is about to cross under 0% annualized growth rate over the past 200 day ma. There are a bunch of RSI “Sells” going back 2 weeks, way in advance of today’s tweet.

Dow Jones 30 Index $DJI Weekly lookbacks Reversal chart:

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Author: Trendanomics

Trend following the markets with simple trend following strategies.

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