The Dow Jones is beginning to make a strong case for entering a phase of distribution. As the DJI is essentially an index of the American Economy, this will be a trading range that I am particularly interested in and will continue to watch over the coming months.
It's difficult to time moves when it comes to Technical Analysis. Targets/Levels are easy to do, but the question of "when" is often hard to answer. This will be a waiting game. I shall also take a look at some key stocks on the Dow 30 to see if there's a consistent pattern of slowing bullish momentum, supply sneaking into the market, or the beginning of distribution phases.
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