STOCK MARKET’S FAILURE TO OVERCOME THE IMPORTANT REVERSAL PATTERN IS A CLUE FOR PRUDENT INVESTORS $AAL $AAPL $AMZN $CCL $DIA $GOOG $SPX $SPY
I recently wrote about an important reversal pattern that occurred in the stock market.
Stock-market bulls’ expectations were that this negative pattern would be overwhelmed by stimulus unleashed by the federal government and Federal Reserve. However, the negative pattern persists.
This is a valuable clue for prudent investors. Let’s explore it with the help of a chart, followed by a conclusion.
Chart
Please click here for an annotated chart of the Dow Jones Industrial Average ETF DIA which tracks the Dow Jones Industrial Average DJIA.
• The chart shows the reversal pattern.
• The reversal pattern consists of the following components: 1.
June 25, 2020