Well its fallen through it by about 20pts so far.
However the problem is, apart from the general issues with charting a index.... is looking at a market in a logarithmic manner the accurate way to view it?
I am 50/50 on it.
If it is the correct way, then today is probably the official end to the bull market.
If it is not the correct way to view it then the market can still fall a long way to rest on the trendline of the raw data.
bullish divergence, page-8
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