Looking at the DJI priced in dirty fiat might give you the impression that we are close to all time highs. But if you look at the DOW priced in money that holds actual value then you soon realize that we are on the verge of breaking down from this giant head and shoulders pattern.
Note
We broke below the zone, lets see if we can get a close there.Note
Very nice rejection of bear territory but thesis still valid until we break the trendlineNote
Breakout! Looking for a nice round retestNote
The retest is under way but looks like there are too many buyers, unless there is a huge gold rally incoming then I don't see how this is going to produce any significant bounce or continuation downwards.
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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.