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wave-analysis

Uptrend Channel Broken - Possible Bearish Pattern Emerging

Short
Dow Jones Industrial Average Index (TVC:DJI)  
wave-analysis  
TVC:DJI   Dow Jones Industrial Average Index
Trend Analysis
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trendanalysis
It looks like the uptrend channel is broken. This could be an "overthrow" and the uptrend may resume. If the downtrend continues, it could possibly retrace to 21763 to consolidate recent gains. Overall, I think this is short-lived, long term I'm bullish for US indicies.
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