As highlighted last week, market technicians seem to be paying close attention to the Dow, while allowing the S&P 500 to run its course. Friday and today are no exception. Below we highlight recent Dow trading, and note that the Dow Industrials peaked on the downtrend established between the 7/19, 7/23, and 8/8 closes. With the peak noted, we point out the shorter term uptrend established after the 8/16 rebound on the 200-day. The judgment call will be left open to interpretation.
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