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Dow Jones Futures - Jun 24

CME
Currency in USD
Disclaimer
38,451.00
+163.00(+0.43%)
Delayed Data

Dow Jones Futures Discussions

So we can see the downtrend on this third attempt at higher highs over the 8 weeks is forming.  With that we have a triple top.  Triple top means it is over basically IMO.
if it's not total carnage today, it's black friday tomorrow.
 I am just looking at the 25 year chart.  We are way at the top of a verticle exponential spike and now a triple top forming.  So yeah.  Nothing tooo extreme today, but if this third top doesn't turn around soon this house of cards is falling.  I actually make bullish trades.  It is not like I want it to crash, but in  my opinion it will.
 I'm neither a bull or bear - just bet on the analysis and yeah, after the second top last week, I took a look out at the Fib levels for the S&P and Dow from the drop in 08/09 (monthly candles) and the tech stock drop from 01/02 for the Nasdaq - and lo and behold they are all at major fib extension turning points - I couldn't believe it when I saw it - sent chills down my spine - either the 3.618 or 4.236 extension levels - with the Dow, the price has been bashing up against that ceiling for a few weeks now - there is a very high chance that we've reached a big long term top. The RSI on the longer term candles are all also trending down from nose bleed levels whilst divergence with price going up over the last month or so - that's another good indicator, we're in for a reversal about now.
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