What I am seeking to highlight here is that in spite of all the volatility and multi-thousand point Dow swings, as far as the moving averages go, it's been “smooth sailing” up to and including this very moment.

The last time we had a crossover was literally years ago, back in the summer of 2015 (red arrow). And since that reversed itself, moving to a positive crossover (green arrow) it's been bulls, bulls, bulls ever since.

Suffice it to say, if we get the happy (and all too rare) incident of a negative crossover again, I'll somehow sneak it into the conversation here.