The Traderszone Network

Published in TZ Latest News 15 August, 2015 by The TZ Newswire Staff

Text Book Rollover Continues in US Markets with Dow Industrials Leading the Way

Hello Fellow ChartWatchers!

The US markets continue to s-l-o-w-l-y roll over with the Dow Industrials leading the way.  Despite the fact that $INDU moved 100 points higher this week, the intermediate to long-term trend is clearly down.  Lots of people talked about the “Death Cross” that occurred on the Dow’s daily chart on Monday when the 50-day simple moving average moved below the 200-day average, but that should come as no surprise to any reasonably-attentive ChartWatchers.  Here’s why:

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