Dow Jones Market Bearish Signal
DJI has lost 50 SMA on weekly.Last time this occurred was March 2020, 38% retracement from Feb 20 high.
Previous loss of 50 SMA was Oct to Dec 2018, with a 19% retracement.
29.5k is a 20% retracement from ATH, bringing market back online with Feb 2020.
27k level is 2018 high w/ corresponding 27% retracement.
Near 40% retracement is 22.4k DJI level, corresponding w/ the 2018 low.
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