I Dare You

the trendlines are barely holding prices up

Looking at the fresh index charts it seems to me the trendlines are saying, in many cases, “I dare you to break me.“ For example, on the NASDAQ Composite, prices have been assiduously clinging to the trendline, barely hanging on for dear life.

The Dow 30, likewise, is pulling the same stunt: for the past eight trading days (that is, those days following …