Dow Jones Industrial Average closed at the current uptrend line. Breaking down from here indicates a trend reversal. If you want t0 trade, here’s an opportunity to go long and set a stop loss somewhere below the trend line, say, 11,000.
Dow Jones Industrail Average lost its momentum and dropped more than 200 points in two days. The supports are shown in the chart. Breach at 11,200 will indicate a trend reversal.
Marching to 12,000. It will form a double top on this long term chart, which means we may see some pullback around 12,000.