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DJI 3 Month Rising Wedge: Bearish Divergence Apr 1998 - Jul 2018

Dow Jones Industrial Average Index (DJ:DJI)  
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DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators dowjones DOW DJI dowjonesindustrial
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trendanalysis chartpattern indicator dowjones dow dji dowjonesindustrial
Top resistance line formed from the top of the 1929 bubble and the support line formed at the bottom of the bubble in 1932. Both lines have held support and resistance since then, with the most recent support touch in 1982 and recent resistance touch in 2018. Due to major bearish divergence formed from Apr 1998 to Jul 2018, the support line may be touched again at 7506.83, which would coincide with the support line formed from the 2000 and 2008 crash. Short term bearish (2 years). Long term bullish (3-5 years).

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