NYSE Composite

The NYSE composite is a very different index of US stocks. It sold off this week from the upper end of a parallel channel of the lows for the 6 year period. Prices have been pushing against the smaller green channel since 2016 for months now and in doing so have reached the while channel before the decline. The very small blue channel for the last few months was broken and so that could at least start a move to the lower end of the green channel.