Stock Markets Analysis and Opinion

Dow Jones Index: Breakdown from Ascending Wedge Signals Larger Decline Ahead

10/24/2024

Less than a minute

2024.10.24 08:37

The has spent the last 3 months appreciating within an ascending wedge. It is now breaking below it opening more downside for the index.

We had already seen RSI divergences develop on the daily chart, but this break gives more technical evidence that point to a bigger decline. 41376 (previous ATH) might be the next natural target for the index. Dow Jones-Daily Chart

10/24/2024

Less than a minute

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