From the desk of Steve Strazza @Sstrazza
Our Top 10 Charts Report was just published.
In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.
Dow Leads Down
Not only is the Dow trading at its lowest level since November of 2020, but momentum is confirming the move with its lowest reading since the COVID-crash back in Q1 of 2020.
The summer lows we’re watching coincide almost perfectly with the pre-COVID highs around 29,600. This confluence of interest reinforces the importance of the current level. As long as the indexes are below their summer lows, sellers are in control.
