Between 2004 and 2006 the NYSE Common Stock Only Advance-Decline Line developed a rising wedge using a 36.34 degree lower trend line.
Between 2024 and 2026 the same pattern has appeared using the same angle in the lower trend line. There is a high probability it will drop below this trend line before the end of 2026. If Market Makers, etc. repeat 2006, the move down should be relatively brief before a final move upward. Sentiment indicators would be expected to provide some input for a change in direction.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
