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 formation plus the same signals we saw on the SPX .
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Dow Jones Industrial Average Index (DJI) Chart Analysis
- The is marked with yellow circles on the chart above. Double tops are normally followed by a drop . There is also a on the second 'top'.
Next, we look at the , here is a screenshot:
As you can see, these signals, coupled with the 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.
"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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