Below looks at the Dow Jones Industrials average over the past couple of years
CLICK ON CHART TO ENLARGE
The Dow has experienced a quality rally over the past 16-months inside of rising channel (A). The Dow started acting heavy and rapid selling took place as it was testing the top of the channel at (1).
The quick 10% decline took it down to the bottom of the rising channel at (2) a week ago today, where a bullish reversal pattern took place.
Joe Friday Just The Facts Ma’am– Dow bulls don’t want to see it start acting heavy again at (3)!
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