Another Midline

By Tim Knight of Slope Of Hope

Sunday, September 15, 2024 12:45 PM EST

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.

More By This Author:

ETF Focus - Precious Metals
Metals Mania
A Gap In GM

I 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 ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.