DOW now, what the top looks like. The 2 hr MA has crossed the 5 MA and the 8 MA is losing momentum. The six sideways bars to the left of the top have together with current top shaped a classical top formation from which many bear markets in history has started. My personal view right now is that the bear market will be confirmed faster than we expect maybe already in February

Month

Month zoom with 2,5,8 and 21 MA. The 2 MA use to hold the monthly close below where it hits the bar, now at 15.675

Month same as above but with only dots for the closes to be able to study the MA:s clearly. The 2 MA has made five waves on upside and the first wave on downside.