Dow Jones (DJI) Double Top (Strong Incoming Drop Closer)

TVC:DJI   Dow Jones Industrial Average Index
The Dow Jones Industrial Average Index (DJI) is getting closer to a strong drop .

Last time we looked at divergence, the same as with the S&P 500 Index as these charts are almost identical. Today we will be looking at a double top formation plus the same signals we saw on the SPX MACD .

Let's get started... Perhaps you want to hit LIKE now before moving on...
Thanks a lot for the support.

Dow Jones Industrial Average Index (DJI) Chart Analysis

Next, we look at the MACD , here is a screenshot:

As you can see, these signals, coupled with the bearish divergence we saw in my previous analysis, all point to an upcoming crash.

What's your take on the Dow Jones Industrial Average Index (DJI), will it crash or continue moving up?

Leave your thoughts in the comments section below.

Comment: The weekly chart is even more telling. Here we can see the double top and rising wedge pattern:

Previous analysis:
Comment: Going according to the chart.
Comment: I will take another look at the Dow Jones.
Comment: Dow Jones (DJI) Hidden Bearish Divergence (Crash Ahead)

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That is a bingo.
"Excellent Post" --- Thanks --- 3-3-2019
"DJIA" is very overbought at this time.
Using Ultimate Oscillator Daily Chart -- 17-33-42 and 42-33-17 -- 33-17-42 and 42-17-33 -- 17-42-33 and 33-42-17
These numbers work with all markets and other indicators --- Monthly Chart to one Minute Chart
Wave 1 up topping min.
Wave 2 down min. should start soon.
Other Very Bearish Wave Counts do exist.
For information only

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+2 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Enjoyed your comment... Thanks.
DaddySawbucks alanmasters
@alanmasters, Thanks for posting makes me feel better about buying puts today, got to feel good about risking money LOL!
+1 Reply
alanmasters DaddySawbucks
@DaddySawbucks, My pleasure.
I’m right with ya. Based on the slowed momentum, it won’t surprise me if we fall right around here - without reaching the highest high (26700).

+1 Reply
@eudotong1, Thanks for the chart.
+1 Reply
This is interesting, a lot of major stocks look overbought. Do you think this money could trickle into crypto at the low prices?
+1 Reply
alanmasters timmy_aussie
@timmy_aussie, A minor portion, yes.
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