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Dow Mega Phone Pattern- Support remains in play!
Saturday, June 11, 2016 23:08
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The above chart of the Dow Jones Industrial Average, goes back to the last 1950’s, based upon monthly closing prices.
The Dow remains above Megaphone support at (1), which remains a positive for the “Risk On Trade” at this time. Even though support remains in place, sentiment reflects that overall, …
Source: http://blog.kimblechartingsolutions.com/2016/06/dow-mega-phone-pattern-support-remains-in-play/
More like Dow Mega Phony post … extra long-term chart makes everything look bullish!