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2007 pattern being repeated right now? Another “Push Away???”

By kimblechartingsolutions
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Courtesy of Chris Kimble.

NYSE repeating 2007 pattern potential push away june 24

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The NYSE index kissed the underside of dual resistance at (1) back in 2008. Once resistance held, a big push away from it took place and sellers stepped forward.

NYSE creating a similar pattern again at (2)???

This would NOT be a good place for the Risk On trade if the broad market starts “pushing away” from dual resistance at (2).

Full Disclosure- Premium Members are double short the Nasdaq 100

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