Dow, S&P 500 Technicals
Tim Knight | Dec 11, 2018 06:16PM ET
Let’s look at the key elements of the Dow Composite:
- Magenta: the upper boundary of this ridiculous trade war nonsense, which will end in failure and humiliation, but is still being touted as Going Really Well by the liars in D.C. and Beijing;
- Yellow: the underbelly of the now-broken ascending channel;
- Cyan: the break/failure point which will provide incontrovertible evidence not just of a loving God, but one who smiles upon Tim
Another angle or view into this is the S&P 500, shown below, which illustrates neatly and succinctly everything I think that needs to be known:
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