stock market index
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 $DJI Weekly lookbacks Reversal chart:
Dow stocks losing momentum
The Dow Jones Industrials Index trend following at the moment, although in a long term Upward trend, so far has failed to close over the Price Reversals of last Month’s High, last Week’s High, and, yesterday’s High. So it’s fair to say the momentum has stopped. ..and these are not sell signals, .. at the moment.
Chart of the Dow Weeklies today –
The Dow Jones Industrial Average Chart today.$DJI $DIA Trend following the continuation of Higher Highs. This chart is 63 Days Daily. The Bullish S/R (Support and Resistance Price Level) shown is $26,240 We can make this more complicated if you like.
stocks going sideways, for 6 Months
The $2,816 S/R (Support and Resistance Price level) goes back 6 Months. This chart is 129 trading days, daily.The Dow 30 Index chart is below, the same sideways trading.
The Dow 30 Index S/R at $26,061
