Dow Jones back above 2009 regression channel
So far, every time that DJI has been above this channel it has had a pullback. There is still a bit of upside to reach the max it has ever been, but if history repeats then a correction is coming soon.
Note
Tuesday 11:20am update. Rejected off the 1.236 fib level. Maybe a top of Wave B?Note
Thursday 1:30pm and it looks like DJI maybe losing its battle with the rising wedge.
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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.