Coppock Curve for DJIA Getting Up to High Level

McClellan Financial Publications

Tom McClellan

Article

1 Pages

McClellan Financial examines how the DJIA’s Coppock Curve approaching historically elevated levels could signal weakening long term momentum despite persistent bullish sentiment. The piece highlights how the indicator’s unchanged value could rise toward 22,400, increasing the probability of a technical sell signal and market whipsaws.

Key Takeaways

Elevated Signal Threshold: The Coppock Unchanged value for September sat at 21,678.94, implying the DJIA needed a sharp month end decline to trigger a bearish signal.
October Risk Increase: The unchanged value was projected to rise toward 22,400 in October, making a negative Coppock signal easier to generate as prices climbed.
Whipsaw Risk Remains: The analysis notes prior Coppock sell signals have produced false moves, reinforcing that elevated readings alone are not consistently predictive across cycles.
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