1, There is a cross over of two trendlines on Dow weekly chart and both trendlines are stronger resistance and have stopped Dow's movement to the upside.
2, As we know, trendlines cross over often pints point a turning point of stock prices especially long term so this week most likely a turning point one and the price next week might be lower than this week.
3, Rate of Change has turned back below the zero lines this week.
Conclusion:
The six weeks' return move might be completed by Friday this week.
2, As we know, trendlines cross over often pints point a turning point of stock prices especially long term so this week most likely a turning point one and the price next week might be lower than this week.
3, Rate of Change has turned back below the zero lines this week.
Conclusion:
The six weeks' return move might be completed by Friday this week.
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.
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.