>
The Greatest Crime Against Humanity
Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
Overconfidence In NFL Drafts: A Lesson For Investors
USDA's $1.5 Billion Targets 180,000 Farms, 225 Million Acres for 30×30
Blazing bits transmitted 4.5 million times faster than broadband
Scientists Close To Controlling All Genetic Material On Earth
Doodle to reality: World's 1st nuclear fusion-powered electric propulsion drive
Phase-change concrete melts snow and ice without salt or shovels
You Won't Want To Miss THIS During The Total Solar Eclipse (3D Eclipse Timeline And Viewing Tips
China Room Temperature Superconductor Researcher Had Experiments to Refute Critics
5 video games we wanna smell, now that it's kinda possible with GameScent
Unpowered cargo gliders on tow ropes promise 65% cheaper air freight
Wyoming A Finalist For Factory To Build Portable Micro-Nuclear Plants
The $DJIA chart is telling an interesting story, technically speaking that is. Frankly not sure what the message is quite yet, but I find it fascinating hence it might be of interest to share.
First of all, note a behavioral set of facts I've pointed out on twitter: On Monday $DJIA again tagged its January 2018 highs and has again rejected. All rallies to new highs have been selling opportunities. All rate cuts have been selling opportunities. Lower high in September, risk of a double top:
We see several relevant trend lines on the chart above and I could discuss these here, but I want to highlight something completely different and that is: Why is $DJIA rejecting these price zones above 26500?
Well, as it turns out, there is a technically relevant resistance point precisely at the October 2018 highs, the 2.618 fib from the 2009 lows and 2007 highs:
26948 on the futures contract. In fact, what's notable here is that $DJIA has tried 5 times to get above that zone on a monthly basis and has failed every single time to close above it by month end. Even the current October highs have tagged there and now rejected again.
Here's a close-up for clarity purposes: