I’ve been very taken by midlines lately, which are the perfectly-in-between lines that define a channel. I noticed that the Nasdaq 100 index has been sporting one of these, and it closed precisely at that major resistance level on Friday.
Image Source: Pexels
I’ve been very taken by midlines lately, which are the perfectly-in-between lines that define a channel. The longer the channel is, the more importance they, and their midlines, have. I noticed that the Nasdaq 100 index has been sporting one of these, and it closed precisely at that major resistance level on Friday.
Here’s the multi-decade view of the channel which defines this important line.
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ETF Focus - Precious MetalsI tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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