DJIA: what say us DeMarker for index future movement.
Short term movement, according the indicator is in downtrend, but with very low power - almost in consolidation: DeMarker is under 70, but between 40 and 60.
Under current bar, we already have one, which is means , they start new count in new downtrend.
Third lower high and PIN bar, but the movement almost is in consolidation, which means the role of the PIN bar is weakens.
Volume also confirm the correction or finish the uptrend. On March 17th we see volume much bigger of average. The last couple of bars show us that short trend take advantages.
Number under the current bar means downtrend movement and 1 means first signal for start of the movement.
Lets look this on SP500
DeMarker is started counting of new downtrend wave (the numbers below bars) 1.2.3.4.5, which means that short movement is possible to continue.
The Doji bars in row also show, uncertainty of bullish traders.
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