- First chart the weekly time frame shows price sustaining above previous resistance line. Last week also closed near its high's which looks good for bulls.
- Hope for bears is the resistance line drawn in second chart which must be held to avoid further up moves.
- Last chart shows MACD Histogram and price negative divergence. Bears need the MACD lines to give a bearish cross for the sell off to start.
- DOW JONES TRIPLE DIVERGENCE
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- Weekly chart testing 23.6% Fib level.
- Weekly RSI and price shows negative divergence. Price has started to show weakness and may extend the fall towards 10.1 or 20 Week SMA due to the negative divergence.
- DOW JONES TRIPLE DIVERGENCE
