Domistock Tools Used:
Assets charted: Dow Jones Industrial (.DJI)
Dow Jones is marching to new highs but DomiStock’s analysis shows it might be running out of steam. The first sign for caution comes from the Resultant Direction of the 5-day Max Profit Loss Calculator which has turned slightly negative, to -0,14%. This means that DomiStock forecasts (with a 65% probability) that in the coming 5 sessions the demand – supply equilibrium for Dow Jones will flat out and turn slightly to the supply side. Additionally, since the current DomiStock’s “go long” signal was given, on the 28th of June, S&P’s is up by 7,9% which is the strongest performance of a Dow Jone’s 12-day long rally in the last 1500 sessions and so. That is statistically extreme to say the least. No wonder why DomiStock’s Inflated – Deflated Expert has raised the inflated flag.
