NYSE Index – July 03, 2023

Just like the last post on the Banks ( https://atomic-temporary-44460632.wpcomstaging.com/2023/07/01/xlf-financials-july-01-2023/ ) the NYSE Index – an index composed of all the stocks traded on the NYSE (~5000 securities) – is tipping it’s hand and showing a VERY important SELL PATTERN.

In this case, we have ABCD in PRICE and TIME.

If this market is bearish, this sell pattern will work …

If this market is bullish, this sell pattern will fail and the band will play on …

The PRICE AND TIME aspect of this PATTERN make this one VERY important …