DJIA: Stock market recovery fades… but was that it?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Equities have surged higher this week, surprising many traders and analysts who were preparing for a stock market crash. Heavily-shorted stocks led the rally as the sellers scrambled to book profit on their positions. The resulting gains saw Wall Street log its first three-day rally of the year. Today, traders are making a more sober assessment of the situation. They know full well that bear market rallies tend to be vicious and can last from several days to several weeks. The continued rise

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