This is a short term chart!
I will post the monthly chart after this one.
Please note 1974 and 1987 when the market broke above this trend line we had some massive sell offs.
We have been below this line since 2008.
The previous times the market has stayed below this line respectively:
1936 after 16 years
1974 after for 21 years
Currently just 12 years!
I will post the monthly chart after this one.
Please note 1974 and 1987 when the market broke above this trend line we had some massive sell offs.
We have been below this line since 2008.
The previous times the market has stayed below this line respectively:
1936 after 16 years
1974 after for 21 years
Currently just 12 years!