A multi time frame analysis
Daily: at the bottom of a bearish channel
Weekly breaking below the support line strongly
Monthly: lower highs and lower lows for 3 months in a row! this pattern was only seen during the 2022 bearish market in the post-pandemic era!
Conclusion:
It is highly likely that we are moving toward a bearish market and any upward move should be considered temporary
The same story is true for SPX:
https://www.tradingview.com/x/oakLsB7l/
DJI:
https://www.tradingview.com/x/jjqU4bDn/
Weekly breaking below the support line strongly
Monthly: lower highs and lower lows for 3 months in a row! this pattern was only seen during the 2022 bearish market in the post-pandemic era!
Conclusion:
It is highly likely that we are moving toward a bearish market and any upward move should be considered temporary
The same story is true for SPX:
https://www.tradingview.com/x/oakLsB7l/
DJI:
https://www.tradingview.com/x/jjqU4bDn/
All the information you need to make an informed decision for free in the next 3 weeks: docs.google.com/spreadsheets/d/11cFXkX6bPFslJzkQxtLJKDNWZQhpaBvuoZvDiFonZuc/edit?usp=sharing
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