Another Midline

By Tim Knight of Slope Of Hope
Sunday, September 15, 2024 12:45 PM EDT

Person Holding White and Blue Box

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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