DJI decision before summer equinox

8 мая 2018 г.

The DJI appears to have the markings of an incoming bear market, at least in the short term. A descending triangle with declining volume, coupled with a 200 SMA squeeze and declining RSI certainly don't paint a rosy picture. I personally have no skin in the game here, but it's an important indicator when judging the overall economy. A breakout should happen in the next month/month-and-a-half....which direction I don't know. I would imagine the bears are hungry after a long hibernation. Be careful out there bulls!