Are DOGE layoffs set to resume?
Unless you live in a cave, your probably know that stock markets around the world have been soft the past few months. The chart below looks at the Dow from a 50,000 foot view, going back to the 1920’s.
As you can see, the Dow has spent a good number of years inside of this rising channel. It broke above it in the late 1990’s, which became support at the 2002-2003 lows.
In the 2007-2008 time frame, once support broke, the Dow fell hard for a few months.
Wednesday morning it began testing the 70-year channel support.
Carl Icahn has expressed concern that the stock market could fall by a large percentage.
Support is support until broken and the Dow right now it hitting one heck of a support line.
If support fails to hold, the little boy's comments in the chart above says it all.