DJIA unable to break above the trendline
DJIA Daily Chart
The uptrend that started in October is over but this does not mean the index will suddenly go into a downtrend. There are three options for a trend: up, down and sideways. And there are three time periods for a trend: major, intermediate and near-term. The #3 is a ubiquitous number in technical analysis.
Reference the last trendline analysis for the Dow Jones Industrial Average.
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