Dow Jones Uptrend Line Cracking

The Dow Jones was down 200 points today with the Nasdaq down 24 and the S&P500 down 13.  The Dow not only led the decline today but is leading as far as being the first index to breaking down.  The rising wedge pattern from the bottom in March, has broken on the Dow.  We now need to see continuation in the next day or two.  This is critical or this will be a false break to the downside and another attempt to move back up towards the highs from last week. 

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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