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Four key index’s, Dow, Russell, Wilshire 5000 and the NYSE composite index all created reversal patterns, at 15-year plus resistance this week, with average valuations at 1929 & 2007 levels.
Reversals at resistance sometimes in history, haves become important price points.
Will these become important price patterns with average valuations at these levels?
Stay tuned….that is what makes markets so darn interesting!!!