As you can see on the chart, The US stock market has formed a double top... Which is bearish. As Dow Jones broke the strong turquoise line support and the 200 daily moving average (pink line), the odds are for a continuation of the pull back all the way down to the February low on the yellow support line.
Stay tuned for more updates,
Fred
Stay tuned for more updates,
Fred
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Will the support be able to hold the price now ? I'll post a new analysis on stock market soon, stay tuned.
