The NYHL shows that the number of new highs in the stock market yesterday now match the new highs that were occurring during the July stock market top. When the new highs are excessive, stocks will sell off and when the new lows are excessive, stocks will rally. What do you think will happen?
The early May top was a one-day event. The July top took its good ole time. The September top was forecasted by a couple weeks of new high peaks. We nearly have a couple weeks of new high peaks now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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