DOW

The Dow Theory has proven itself today

Looking at your chart, the up trend is still in place & around the 40,000 is a key area to provide this.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...9bL7tG0E4R5FF9+1aqI=

40850 area is the key imho...

atb,
trendfriend

Thanks that's brilliant chart and analysis Waverider.
have to agree this looks very weak, and to me i think its looks medium term weak.
Not even going to try to trade it tho!! way too risky for me!

atb,
trendfriend

Thank you for the update. I have been following the Dow and S&P lately and the lower low being breached is a red flag i think. I have been watching the S&P 500 and the recent rejection at the previously called support does look worrying. I watch the 4hours to begin with so here it is...the bearish candle, still with one hour to go to complete the candle

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...lJNGRQz/5OA4JAleIoc=

Been a while folks... hope all are keeping well.
Looking at the dow after a while...some early warning signs for me.
Failed to make a higher high and currently making lower lows and breaking below the recent range. Also according to this advfn chart...testing the 200 day ema line on the daily chart.

No need for panic i think just yet...just be aware possibly a period of consolidation coming up?!
Which can see big down moves possibly...

Keep well folks..
atb, wdik, dyor,
trendfriend