Dow has 90% chance of rebound this month: Chart

Trader on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

It was a tough end to the second quarter for the Dow Jones industrial average.

The benchmark for U.S. stocks into negative territory for 2015 this week after fears of a disruption to the European economy from a so-called Grexit weighed on this group of multinational bellwethers.

But to analysts who study charts for a living, the more important milestone was the Dow's close Monday below it's 200-day moving average for the first time in 170 days.

The average price of a security over the last 200 days is considered a reliable confirmation of a long-term uptrend. When it's breached, there should be trouble ahead.

But one research firm—Bespoke Investment Group—ran the numbers and found this chart breakdown historically is actually a great "buy the dip" opportunity.

Here's why ... plus the Dow members that could bounce back the most.

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