Since DJIA has only 30 components, and not sufficient to portray the general pictures, as a result DJ Transportation and DJ Utilities are created as well. 1st it was the Industrial index making all time high, followed by the transportation index, and now the utilities index.
I can see that 2 massive rejection by 580, plus the bearish divergence comparing to the previous top in July.
P.S. Just take note if you are already shorting.. tonight might be another super bullish trading day to wash out the bears, but next Monday we might see sentiment changed with a blink of an eye.
I can see that 2 massive rejection by 580, plus the bearish divergence comparing to the previous top in July.
P.S. Just take note if you are already shorting.. tonight might be another super bullish trading day to wash out the bears, but next Monday we might see sentiment changed with a blink of an eye.