Veteran technical analyst Chris Kimble starts the business week with a 50,000 foot perspective on four major indexes.

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Chris explains: All four look to have made "lower right shoulders" without ever reaching falling resistance dating back to the 2007 highs.

Each is now testing its 200-day Exponential Moving average.

With the indexes not reaching falling resistance and the H&S pattern still looking to be in play, the test at the 200-EMA line takes on a new level of importance.