Dow & NDX Big Picture

I like browsing through old charts just to see what they are saying sometimes.  This one is from an NFTRH edition sometime back in 2015, when we were gauging the market’s topping potential.  All these months later we find Dow having held the supporting trend line (but still under its domed cap) and NDX having held trend as well but also still in a potential topping structure.

I would say that if Dow breaks the dome and NDX the red dotted line it would be time for bears to get out of the way.  Until then, bears have every right to stay in the way.

indu.ndx

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