Technical Failure

STOCK MARKET EXPERIENCES ANOTHER TECHNICAL FAILURE
To gain an edge, this is what you need to know now.
Please click here for a chart of Dow Jones Industrial Average ETF (DIA) which represents the popular stock market index (DJIA).
Note the following:
- In the Morning Capsule we wrote:
Our very, very short-term early stock market indicator is positive but can quickly turn negative if the market is unable to break above the old vaccine high shown on the chart.
- The chart shows two successive failed attempts to breakout.
- When the breakout attempt failed twice, technically oriented investors started selling.
- The chart shows persistent selling.
- The VUD indicator is the most sensitive measure of net supply demand in real-time.