We focus on the 5-year weekly chart for the Dow Jones Industrial Average (DJIA). Here's what it's telling us through our Dow Jones chart analysis.
When you have looked at enough charts over a very long time – sometimes you notice the obvious, and sometimes you do not. The weekly chart for the Dow tells us that we are witnessing something truly unusual – a strong, broad-based decline across many different sectors of the market that lacks volume confirmation.
If the Dow Jones Index Breaks more than 3% below this key level, then look out! But will it? Here's a look at the key level of support for the Dow.