Despite the Strength in the DJIA, Buyer Beware

Since the late June low at 14,551 in the Dow Jones Industrial Average (DJIA), each of the successive two uplegs advanced by 7.2% and 6.4%, at which time, my intermediate-term indicators, RSI and Coppock Curve, registered overbought and peaking status.

When that happened, the DJIA entered a significant corrective period of 6% to 7%.

Let's notice that the DJIA is up 7.3% from its Oct 9 low, and has been accompanied by challenged (peaking?) RSI, as well as an already rolled-over Coppock Indicator since Oct 29-30.

This suggests that the DJIA is increasingly vulnerable to entering a meaningful period of correction at least based on its post-Oct 9 rally juxtaposition with my intermediate-term momentum gauges.

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