This chart shows the performance of NASX vs NYA (logarithmic scale). The resistance line goes back all the way to 2008. Every time NASX/NYA touched the resistance line in the past was followed by a multi-week correction (underperformance of NASX relative to NYA).
The action over the last three weeks looks like a classic Evening Star reversal pattern.
The action over the last three weeks looks like a classic Evening Star reversal pattern.
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