$DJI Flashes Dual Reversal Signal with RSI Above 70
$Dow Jones(.DJI)$ has printed a monthly gravestone, a rare occurrence on this long-term timeframe.
With the RSI above 70, there are two conditions that have preceded significant corrections.
Historically, the Dow Jones has signaled major reversals under two specific conditions:
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The monthly RSI exceeds 70 (as seen in 2018, 2022, and 2025).
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A monthly reversal candle is formed (as seen in 2020).
Currently, both signals are flashing: the RSI has hit 71, and a gravestone doji has formed. This indicates that the price has erased its monthly gains, signaling a significant loss of bullish momentum.
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