Time for some middle-of-the-night ETF chart musings. The Dow 30 is close – – so, so close – – to breaking its uptrend. Even one modestly weak day would do the trick.

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Time for some middle-of-the-night ETF chart musings. The Dow 30 is close – – so, so close – – to breaking its uptrend. Even one modestly weak day would do the trick.


Although I had a profitable day (in spite of the stupid jolts higher in equities), I must emphasize we’re not anywhere close to being out of the woods. The /ES really needs to NOT break out above its resistance.

Just a couple of charts that have been battered down to their lifetime trendlines. I’m not doing anything about it, but some of you may find it of interest.
