ptoth25

Large DJI Correction on the Way?

Long
ptoth25 Updated   
DJ:DJI   Dow Jones Industrial Average Index
I am fairly new to the markets, but I found a few similar features between the chart for the stock market crash of 1987 and our current situation. Any feedback is greatly appreciated!
Comment:
With the DJI falling four days in a row, it brings the RSI down below 80. This is still very high as it has been above 70 for over a year now and if the bulls aren't able to stay positive, we could see a domino effect.
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.