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Here's Where Bears Would Love To See The Dow Turn Weak

ByChris Kimble
Published 12/03/2019, 02:55 PM
Updated 07/09/2023, 06:31 AM
Monthly Dow Since 1912

Is there an ideal price point that stock-market bears would like to see the Dow Jones Industrial Average peak? Yes and it could be at current levels.

This chart looks at the stock index over the past 100 years on a monthly basis.

Since the late 1940s, the Dow has spent a majority of the time inside of the blue shaded rising channel.

The rally of the past year has the Dow testing the top of this 70-year rising channel.

Would the bears like to see the Dow turn weak from current levels?

Absolutely.

Latest comments

probably more likely is a breakout to form a new long term channel and where we rest now will be support.
although long term technical analysis is interesting, they lack fundamentals. our economy is not what it was even 50 years ago. society grows only to enrich itself. and all naysayers come out to predict the odds of a drop. I say we will stay on the upper channel minus bumps for decade's to come.
More interesting: would DJIA test the bottom of the channel at 10k? That would be real fireworks :) Where would Gold reach by then?  Looks like 8000 - https://invst.ly/owu8p (there are limitations on charts in the comment box - maybe you can make a better presentation on that :)
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