Stock chart courtesy of StockCharts.com.
An 11.88 degree 51 year channel upper trend line for Lumber was broken in January 2021 with a move upward to a peak on April 20, 2021. This move started a new upper external channel that is expected to confirm the current peak forming in the Dow. The upper external channel peak in Lumber hit a high of 1374.7 and is expected to be an inverse of a decline through the lower external channel that was confirmed when lumber hit a low of 139 on January 14, 2009. If the new external channel upper trend line holds, a peak in the Dow is expected by June 17, 2021.