Replies to post #21929 on Market Direction and Stock Trends

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DP Bulletin: Dow Industrials ($INDU) Trigger PMO SELL Signal
By Erin Heim | July 24, 2017

Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below.



It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and the OBV setting up negative divergences between price bottoms and OBV bottoms.



Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin

http://stockcharts.com/articles/decisionpoint/2017/07/dp-bulletin-dow-industrials-indu-trigger-pmo-sell-signal.html

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