joefridaydowlongtermnottypicalpricetestmar27

CLICK ON CHART TO ENLARGE

Dow Jones Monthly has a unique long-term price test at hand right now.

Its a combo of resistance tied to the 1987 highs and 2002 lows and Fibonacci extension tied to the 2007 highs and 2009 lows.

Don’t see this combo to often. Gut says the outcome here could be a tad bit important.

Joe Friday just the facts…..The outcome at (1) might be important 2 months from now and 2 years from now!

 

 

 

 

 

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past