There’s no doubt about it. This broken trendline, dating back a full ten months, is the crucial dividing line for the markets. It held fast all day, in spite of multiple attempts to bust it.
![](https://slopeofhope.com/wp-content/uploads/2024/08/friday-640x406.png)
The longer view:
![](https://slopeofhope.com/wp-content/uploads/2024/08/dailyES-640x369.png)
There’s no doubt about it. This broken trendline, dating back a full ten months, is the crucial dividing line for the markets. It held fast all day, in spite of multiple attempts to bust it.
The longer view: