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An Ungly, Difficult, Negative Session

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had a difficult session. They started out with gap down sharply, but then they rallied to the upside twice as sharply, with big gains after the first couple hours, but technicals were not confirming those highs. After reaching the top of the channel over the last few sessions, as a result they came down in 5-waves the rest of the day, going from 4400 to 4348 NDX, and from 2022 to 2002 on the S&P 500, closing near the day going away. Net on the day, the Dow was down

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