Here’s August 6th chart of the DJIA with the AIQ Experts say…
we had a 3-97 to the downside. The internal technical metrics feeding this rating were as follows

The 21 day stochastic has declined below the 80% line. The price phase indicator is decreasing. In the current sideways market, this is a weak bearish signal indicating a possible decline in short term price movements.

The exponentially smoothed advance/decline line has turned negative when the up/down volume oscillator and the advance/decline oscillator are already negative. In this market, this is viewed as a bearish signal that could precede a downward price movement.

The up/down volume oscillator has turned negative when the exponentially smoothed advance/decline line and the advance/decline oscillator are already negative. In this market, this is viewed as a bearish signal that could precede a downward price movement.

This rating was confirmed by Price Phase indicator moving down the same day. Phase confirmation eliminates rogue ratings as Price Phase is not a part of the AI rating. Sine August 6th the market has corrected more than 400 points, and up ratings were generated, however the Price Phase has continued declining and has not confirmed these ratings.