DJIA at top of trend?

It has really been a while since my last entry of the stock market. I think I have mentioned this before, I have a change of job and been busy. Further more, it took me some time to get a new service provider for the raw data.

 

Anyway, I am back! For some reason coming back at market top (again).

 

So for tribute, here is DJIA!

 



I recalled when I looked at DJIA during 2009, I was expecting the counter to drop till below 6,000, but it holded and went up. I was wondering why?

Turn out during 1980 and the 1990s lows created quite a prudent support line which stopped its descend.

So what is happening now? It is on an up trend again, but I figure, it could be at the top of its trend at the moment. Using the green trend lines, it looks very like DJIA is making a big inverse triangle.

So far the Stochastic & RSI supports a downward pull. I will bet that DJIA may be going down the next few weeks at least.