IndiaCharts

Dow

I have to mention that today that the Dow despite its recent attempt to a high of 19999.63, just short of the 20k mark is losing momentum. The daily indicators remain in sell mode with divergences and lots of divergences with the Transports still down for a few weeks and the Russel breaking down while the Nasdaq is at a high. The Dow can easily pull back to 19700 at the lower end of the expanding range. If that breaks we see a deeper correction. Bonds rallied driving the risk off trade.

dow100117