DOW JONES - a difficult situation (bad looking)

28 thg 3, 2018

DJI
Dow Jones in a difficult position. (same for S&P which include 500 enterprises against 30 for DJI)

Pessimist/bearish scenario: to me the bubble is gonna pop soon, considering the bullish run of Dow Jones the past years, with an impressive exponential increase, I don't think it is sustainable. Possible H&S pattern forming. Current chart is very similar to the famous "Market Cycle Psychology" chart. Overlapped, even.

Optimistic scenario: its a correction, and a descending triangle is maybe forming, but more days are needed to confirm.
Not financial advice.