
Wall Street Flashes Warning Signs: Bearish Trend Confirmed
📉 The Dow Jones (DA) shows a confirmed double top pattern, followed by a pullback to the structure before resuming its fall, indicating a bearish reversal.
⚠️ Similar bearish patterns (double tops, pullbacks, weakness) are observed in the S&P 500 (PIS) and Nasdaq, reinforcing the negative outlook for the broader US market.
📉 The Relative Strength Index (RSI) for major US indices failed to surpass the 50 level during rebounds, signaling a lack of upward momentum and confirming the downtrend.