This is just a rough drawing, if i find time after the crypto finishes popping I may do a more detailed look at the DJIA (or i may do it tonight lol) but I just wanted to put something on paper down to start with....Enjoy!
Kommentera:
Just taking a look a few of the most glaring problems on the yearly chart we see significant Bearish divergence on the RSI coupled with an average volume line that has flattened out despite a huge rise in price. Also when looking at volume we can see that MOST of the rally since 2008 has taken place on DECLINING volume (however last year the market volume did spike with the election of Trump which can be seen as a black swan type of event.) So, delining volume with rising price + significant bearish divergence on the yearly = major probelms to come imho....
Kommentera:
6 month DJIA!