$INDU Performance
Locally, The last four days on the Index have seen a rising wedge develop on the candlestick charts. It has just aobut peaked... watch for a selloff later this afternoon.
All that, and the broader MA structure is breaking down: the MA50 has slipped well below the MA200 on weakness. The average is even having trouble bettering the MA20 now.
It took a long time, a year and a half, to build chart strength here, and it melted away in a few short weeks. Technical support has been critically weakened.
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