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Needless to say, the 1974 & 2009 lows were very important for the Dow. If you take these lows and apply Fibonacci to them, a 261% Fibonacci extension level at the top of a multi-decade rising channel both come into play right now for the Dow.

Will the Dow “Hop” over this key price point?  It would be a big positive event if it does.

 

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