Major crash imminent?Is there a coming market crash? Technically it looks that way. In the past 130 years, price on the Dow has never been above the upper trendline, except twice, and the first time it happened, it happened just before the major crash in 1929 that set off the Great Depression. The second time is NOW. It's happening right now .
Also, every time price gets close to the upper trendline, it falls back down (2000, 2008, covid, and in June this year, it fell by 20%.)
Right now, the DOW is at 45000. If one looks at the long term trend line, a healthy price level right now should be around 18000...a hefty 60% drop.