INDU Dow Industrials Daily Chart Negative Divergence

The Dow closed at Monday's high print. The red lines show firm negative divergence in place across the board not what you expect for a market perceived to be healthy and bullish. Projection is for a move back down in the days ahead. Price may try to stumble sideways to sideways up to print the coveted 14200 print that would satisfy the goal from 13800, but it would also not be surprising for the Dow to simply roll over. The dark lines show a potential H&S, that will need a right shoulder, with head at 14100, neck at 13850 which targets the important 13600 support if the 13850 fails. Watch the 20-day MA at 13955. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.