Dow Jones back above 2009 regression channel
Updated
So far, every time that DJI has been above this channel it has had a pullback. There is still a bit of upside to reach the max it has ever been, but if history repeats then a correction is coming soon.
Comment
Tuesday 11:20am update. Rejected off the 1.236 fib level. Maybe a top of Wave B?Comment
Thursday 1:30pm and it looks like DJI maybe losing its battle with the rising wedge.
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