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Closed at the Highs Going Away

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had a very interesting day, opening mixed, rallying into the FOMC meeting, but not necessarily liking what was said in terms of potential interest rates rising, plunging, dropping the Nasdaq 100 nearly 50 points, and about 20 on the S&P 500. At that point, when they realized they were not going to be able to raise rates until December at the earliest, the markets rallied, and rallied sharply, taking the Nasdaq 100 from 4610 to 4678, a 60-point rally in the last

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