Dow eyes completion of Double Top formation
Negative divergence between daily price chart and money flow index coupled with a break below 5-DMA today would indicate the index is heading towards double top neckline level of 18,264 levels (23.6% of 17060-18636).
On the higher side, a break above the daily high of 18,631 levels would open doors for record highs; still, caution is advised as money flow index has diverged since the beginning of the current month.
On the higher side, a break above the daily high of 18,631 levels would open doors for record highs; still, caution is advised as money flow index has diverged since the beginning of the current month.
