I’m going to dispense with the usual “the end is near” type schtick and deliberately talk about charts which suggest that a breakout is close and, should it succeed, a powerful rally is imminent. (Secretly, I am hoping to trick the market gods with this post……….shhhhhhhhhhh)
First up is the Dow Composite (also called the Dow 65), which has been painting out a series of higher lows and is approaching a critically-important horizontal level. If it can break this level, I suspect an explosive move higher, sweeping away the lifetime highs from January 2018.
