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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!
your Shangahi Flag pattern last year nailed the highs, which helped me reduce exposure and saved me a ton of $’s. Looks like the Power of the Pattern might be on track again!
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