Dow Jones Market Bearish Signal

DJI has lost 50 SMA on weekly.

Last time this occurred was March 2020, 38% retracement from Feb 20 high.

Previous loss of 50 SMA was Oct to Dec 2018, with a 19% retracement.

29.5k is a 20% retracement from ATH, bringing market back online with Feb 2020.

27k level is 2018 high w/ corresponding 27% retracement.

Near 40% retracement is 22.4k DJI level, corresponding w/ the 2018 low.