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| Courtesy of eSignal |
As shown in a prior post, the monthly and weekly charts are on a sell signal. Will the daily chart join in? In the chart above, the DJIA broke above the rising wedge and now resistance has become support.
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| Courtesy of ChaikinAnalytics.com |
The DIA price is rising without the OB/OS indicator and the CMF is not rising anymore with price. Also the relative strength has been weak during this rally as shown in the circled area in Oct 2015. Similar weak relative strength in the past were circled as well.
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| Courtesy of eSignal |
The DJIA is the strongest index today, +0.49%. The daily charts of each are indicative of today's price action.
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This
has been posted for Educational Purposes Only. Do your own work and
consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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