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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!