$DJI $NDX $SPX show warning signs Update

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Good Morning!

We turned neutral, from Bullish Sept 2022, late July - early August.
Since then #stocks have traded slowly lower.

For the moment all major indices trade ABOVE longer term moving avgs. This tends to be a good sign. However, they're all trading sub short term moving avgs.

Furthermore:
Indicators like RSI & Money Flow have eroded recently

They've also formed ominous patterns, as follows:
DJI formed Rising Wedge.
NDX $ SPX Head & Shoulders.

Most likely these patterns will resolve soon. Either confirm or break.

Have an awesome trading week!

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