If the weekly 200ma on the DJI flips to solidified resitance. .
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If the weekly 200 ma flips to solidified resistance on the Dow Jones it's game over for the bull market. For now that's the final hope for this to be just another fakeout. If it fails we will see a 1day deathcross and likely a 1week deathcross as well.
Note
so far we've seen a nice bounce up off the weekly 200ma support. We need to keep an eye on both where this weekly candle closes as well as the followup weekly candle as well though as we are still currently in dead cat bounce territory.
Note
dead cat bounce confirmed and we are now currently under the weekly 200ma.
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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.