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Consolidation Day….Closed Near Highs and Resistance….Key Session Lies Ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had an interesting consolidation day today, but closed firmly to finish in the green. The day started out with a move up, they pulled back, and backed and filled. By midday they had a double top, morning peak, pulled back early afternoon, and then tried to break out again. Anomaly so on the Nasdaq 100, but couldn’t do it. It was basically a consolidation day, but by the end of the day they moved up into the close to close positive, and right at resistance on the Nasdaq

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