Bears Would Love To See The Dow Turn Weak Here

 

 

(Click on image to enlarge)

Is there an ideal price point that stock market bears would like to see the Dow peak? Yes, and it could be at current levels!

This chart looks at the Dow Jones Industrial Average over the past 100-years on a monthly basis.

Since the late 1940s, the Dow has spent the majority of the time inside of the blue shaded rising channel.

The rally over the past year has the Dow testing the top of this 70-year rising channel.

Would the bears love to see the Dow turn weak from current levels? Yes!