DOW JONES INDUSTRIAL AVERAGE INDEX - $INDU
Monthly chart shows continued weakness and selling pressure. Index remains well below all its key moving averages and the down trendline in place. Index is also trading near its low. There is no buy signal/pattern evident on this timeframe.
Weekly chart shows consolidation/trading range, and index currently remains below all its key moving averages. The bears managed to re-test the current low, and managed to close the week lower than the week before. There is no buy signal/pattern evident on this timeframe.
Daily chart better shows the consolidation/trading range. The index remains below all key moving averages. The bears managed to take back some of the bull's gains made on Thursday, as they closed the week lower than it opened. Look for continued weakness as the consolidation pattern completes, and then a final break lower.
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