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Twice in the past 13-years the NYSE created a double top at one resistance line at (1) above and then the “sky fell”…. as it declined 50%…. twice.
Now the NYSE could have created another double top at a parallel channel line at (2) in the chart above while the Advance/Decline line may have created a double top and continues to fall.
Do we have another “SKYFALL” pattern at hand? Different this time? Stay tuned, will revisit this pattern a few weeks from now!