INDU Dow forming the second peak of an M Top now. Indicators are negatively diverged but price would need to move up over the February highs to make it official and create the ideal conditions for a spank down. Even as price would venture higher from here and surpass the February highs, more than likely the RSI, money flow and stochastics will not, thus, negative divergence will create the force for the downside. Interestingly, the histogram bumped up big lately and wants to see another matching high in price after any sell off, but all this should amount to is a quickie relief rally that will fail.
20 MA crossed under 50 MA which is bearish. Projection is sideways to sideways down moving forward into summer time. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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