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The Shanghai & Wilshire 5000 index’s have peaked together a couple of times in the past 5 years. Currently, both of them are facing falling resistance lines at the same time at (1) in the chart above.

Positive Momentum is with the markets at this time.

 No doubt a breakout at (1) would be very postive for both of these markets. For momentum to remain in the drivers seat, these resistance lines need to be taken out!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past