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Early Plunge Ends in Late Explosive Move

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market started off the year with a huge thud. The day started out with huge gaps down as international markets are down sharply, China down 7-8 points, international tensions between Saudi Arabia and Iran, and other bad news around the globe. Oil prices did move up a little bit, but the indices plunged at the get-go, taking the Dow, S&P 500, and Nasdaq 100 down very sharply early on. They tried a 3-wave corrective rally by midday, and then pulled back to retest, but when those

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