Dow Jones Industrial Average Crash Ahead (Bearish Divergence)

16 lut 2019

The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well.

My long term analysis for DJI is still valid, you can see it here:

This new crash that is incoming is just an extension of the one I mentioned above.

Looking at the chart:

• We have bearish divergence showing up on the MACD and RSI.
  
• The rising wedge pattern is bearish in nature.
  
• Resistance is being reached. Expect a minor push up followed by the drop.
  

Make sure to SELL/SHORT before the crash.

P.S. This information and all information shared on the Alan Masters (@alanmasters) channel is solely for learning and entertainment purposes only. This is not financial advice.

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Thanks a lot for reading.

This is Alan Masters.

Enjoy your weekend.

Namaste.