Those saying the rate cuts will confirm a new bull market are in for a rude awakening. The stock market is topping & it will be followed by a bear market. $DJIA is topping @ this 125 year trendline, which marked the 2000 & 2022 tops
Either:
1. DJIA breaks lower before the Fed's rate cut in mid Sept ushers in a short rally back to resistance line OR
2. DJIA breaks lower and continue to make lower lows OR
3. DJIA breaks above the resistance line and make new highs
