The following is a very large weekly chart with some of my observations on the current state of the Dow Jones Industrial Index (INDU). In summary:
1) Looks like it has formed a head and shoulders, which is a very bearish pattern given the recent developments
2) The chart shows both support and resistance areas, which their respective strengths
3) The fresh all times high in Gold and Oil confirm the weakness
Click the chart to view:
I am off to the gym - it feels like I’ve gained 20 kilos 
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