Technical trend change has occurred on the Dow Jones

Angela Mangan
QMG Pty Ltd
The overnight decline on the US market has completed a technical top formation/ generated a technical sell signal on the Dow Jones. The Dow technical outlook has turned negative. The expectation is for further significant downside to occur from current levels. The S&P500 index also has the potential to generate a technical sell signal, and is currently holding only marginally above key support, which if broken would generate a sell signal.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Aoris Investment Management
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