Interesting chart...Lifetime monthly DJI chart which includes
THE GREAT DEPRESSION!
I have 2 concerns that stand out here.
1) We have bearish macd divergence on the most recent tops (almost 8 years in the making).
2) Last month we closed below a trendline we have been above since late 1985. :'(
Seems we have some nice basing to hopefully continue to hold down at the 11,500 range. If we get a new high with continued macd divergence I will pull my 401k and run for the bunkers.
Here's a lil closer look, last month we can see we closed below that trendline.