Dow Jones failing to push past ATH, trend points to bearish
Just shy of repeating the most recent all-time-high, the DJI has quite possibly rejected breaking to higher levels and the bears look to recover lost ground. I set my fib retracement somewhere unusual for this chart. Between two major points of support/resistance since 2018. I've marked these resistances with full black lines.
A failure here to break higher could leave the index spiraling downward, however that will not be the case. I believe that we won't see massive failures for another few months. Roughly Q4 2019 - Q1 2020 may be where sh*t hits the fan.
A failure here to break higher could leave the index spiraling downward, however that will not be the case. I believe that we won't see massive failures for another few months. Roughly Q4 2019 - Q1 2020 may be where sh*t hits the fan.
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