Distance from 3 year moving average diverging with price action, signalling some structural weakness in this rally.

Further more, you can notice the 3 point actions similar to the pre 2000 melt-down.

If the Dow can’t stretched away from it’s 3 year moving average and falls back below that neckline… then US equities will have stalled.

Simple correction or crash, you decide…

$djia

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