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Dow is hitting a parallel channel line that dates back 80-years. The 2007 high hit this line and the Dow was turned back, now its hitting this line again.
Not only is the Dow hitting channel line (A), it is hitting an 80-year Fibonacci extension level created off the 1932 & 2009 lows.
Things didn’t go well for the Hindenburg a few decades ago. Will it be an important price point for the Dow as the 80-year parallel line and 80-Year Fibonacci extension level both meet at (1) above or will an 80-year bullish breakout take place???