Chart o’ the Day: Where the bears are in trouble

My pal JC Parets has taught me a lot about technical analysis over the years and I always read his stuff when it comes out. You can get his email blasts too by signing up at AllStarCharts.com.
Anyway, here’s his read of the Dow Jones Industrial Average, with a monthly zoom-out…
Let’s start with Papa Dow. The Dow Jones Industrial Average has gone nowhere for 20 months. Flat for over a year and a half:

Whenev…

The post Chart o’ the Day: Where the bears are in trouble appeared first on The Reformed Broker.

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