Wednesday, November 13, 2013

S&P 500, NYSE & Nikkei Attempting Multi-Decade Breakouts

The photo below caught my eye when one thinks of Courage and heading into uncharted waters. For sure the markets do not compare to the importance of battle and one's life!
The 3-pack below looks at long-term charts of the Dow, NYSE & Nikkei and how each of them are facing key lines in the sand, some dating back over 20-years.


A break above these lines would be a big positive for each of these indexes. Will investors have enough courage to continue buying these indexes and push them well beyond these important technical situations?

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