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.