TradewithLu

Clear sign that the Dow Jones will head lower

Short
FOREXCOM:US30   Dow Jones Industrial Average Index
Here is a more detailed analysis of the market and you can clearly see a great example of RSI bearish divergence as price made a higher high and RSI made a lower high. Furthermore, MACD lines and histogram are showing signs of a reversal, there has been an 'evening star formation', and (if you see my previous post) this is the 3rd attempt to break above this trendline.

Verdict:
I will buy a put option on Monday as soon as the markets open and will take a loss if price moves above the all-time high.

Disclaimer - This is not financial advice and I am not responsible for any losses you may incur. This is intended for educational and entertainment purposes only.

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