Quick Daily Dow Decision Diamond
While the interwoven diamond pattern is a strong bearish signal, it does not actually provide strong guidance as to the very local direction of the next miny-swing in the DJI.
It seems that we will either test that upper trendline once more (as would be consistent with the past year of whipsaws), or, we do not.
I have a strange feeling it will not and the red path displayed will set fourth the new Dow trend lower.
The difference is sort of semantic - but it does highlight the "rigging" type nature that markets exude during market "crashes."
-4-D Pig
DJI
GLOBALPRIME:US30
DJT
NDX
SPX
It seems that we will either test that upper trendline once more (as would be consistent with the past year of whipsaws), or, we do not.
I have a strange feeling it will not and the red path displayed will set fourth the new Dow trend lower.
The difference is sort of semantic - but it does highlight the "rigging" type nature that markets exude during market "crashes."
-4-D Pig
DJIGLOBALPRIME:US30
DJTNDXSPXTrade active
Im like 100 percent sure the market just crashed... after crude oil got thrown over...anybody else or just me?
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Related publications
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.