Dow Industrial's Cusp of Entering Black Hole
Dow Jones Industrial Average Daily Line Break Chart,
which uses closing price bars,
appears to be on the verge of entering
the proverbial "black hole " on the chart.
I've drawn an elementary circle around
the price area on the Dow chart,
where this almost "forbidden" event could occur.
It appears that recovery volume is quite lacking at this point,
as traders simply stand aside,and watch..even as price declines,
with no real impetus to do anything about it.
DJI Last 25681
THE_UNWIND
5/20/19
NEW YORK
which uses closing price bars,
appears to be on the verge of entering
the proverbial "black hole " on the chart.
I've drawn an elementary circle around
the price area on the Dow chart,
where this almost "forbidden" event could occur.
It appears that recovery volume is quite lacking at this point,
as traders simply stand aside,and watch..even as price declines,
with no real impetus to do anything about it.
DJI Last 25681
THE_UNWIND
5/20/19
NEW YORK