Weekend Charts: Something Big Is Coming

We’re about to see something very big. When I say “about to” it could be next week or it could be in 6 months. I frankly don’t know and if I’ve learned anything as a trader and analyst over the years it’s to keep any certainty in check. But everything I see points to high odds that something rather radical will take place in equity markets. Not something small like we have been seeing, but something huge.

Let me walk you through the latest evidence.

Firstly let’s briefly review this latest week. It has been said that there are two certainties in life: Death and taxes. Let’s add a third: Whenever this market is about to break down it will get saved no matter what.

I present the $DJIA weekly chart. We broke through the trend line, things looked ready to break down and BOOM:

There was a time when…