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The 4-pack above highlights that key stock indices remain in long-term upward trends and price action over this year has not changed the long-term trends.
Each index remains inside of channels that have been in place ranging from 9-years for the Nasdaq to 30-years for the Dow and S&P 500.
Each hit the underside of these long-term rising channels back in January and since then have been very choppy with little net progress, just under the top of the rising channels.
What could put an end to the choppy action? Breakouts of long-term rising channels!
What do bulls not want to see? Selling pressure starting at the top of rising channels.