The DOW has spent about 10 days forming a broad scallop below the 30 day moving average line.
That’s atypical for the past 2 years, including the dip to 18,000 18 months ago, when dips below the 30 day moving average line have been short sharp even whiplashing rebounds.
I don’t think I can see similar going back even 5 years, although the detail becomes a bit coarse to read well.
Do you make anything of this apparent trend change?
