DOW JONES Head and Shoulder formation
DIAThe Dow jones DIA is at a critical point right now. We are at the 50d Avg and the support of a head and shoulder breakline. Both SPY and QQQ are going to end the week triggering a weekly MACD sell signal. And cyclicals are not on our side (mid of septamber till mid of october been the wors months)
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Trade closed manually
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Dow is in a WEDGE UP pattern right nowNote
looks like we have a Wedge Breaout to the downside
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.