Breathtaking. Just breathtaking. The chart-friendliness of this market practically has me weeping tears of joy. It’s like God himself read Chart Your Way to Profits and decided to enforce all the rules.
The above chart is of the Dow Industrials. The trendline was drawn months ago. I’ve highlighted the former support points.
The massive rally from yesterday (biggest in human history) and today (inspired by the emergency rate cut by the timorous, cowardly, and now impotent Jerome Powell) exactly, precisely, and absolutely touched the underside of the trendline. As. God. Intended.
There is a queen
Of six sevens and nines
Dust in your garden
Poison in your mind
There is a king
That will steal your soul
Don’t let him catch you
Don’t let him get control
