Browse Symbol Stacks: $INDU: dow-testing-top-of-70-year-channel.jpg (1569×734)
Below looks at a chart on the Dow since the early 1900’s on a monthly basis, with momentum applied in the upper part of the chart.
That looks foreboding. It will be good for the bears but will suck liquidity out of the economy. Even the crypto crash is pulling liquidity out of the system. I have mixed feelings about it. On one hand, it will bring down housing costs. On the other, it may cause a loss of national wealth and jobs.
We're close....... I'm guessing we'll get the topping process f*ckery for some time and whamo!
great chart TK