Loading ...A rare “death cross” appeared Tuesday in the chart of the Dow Jones Industrial Average, suggesting the stock market may have already begun a new long-term downtrend.
Although chart watchers have seen the bearish technical pattern coming for some time, it can still send a chill down bulls’ spines when it is finally confirmed.
The fact that the Dow industrials’ DJIA, -1.37% death cross follows the appearance of one in its sister index, the Dow Jones Transportation Average DJT, -2.01% , warns that this one is more than a one-off event.