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Excellent Consolidation Day

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The stock market indices started the week with a lackluster, consolidation, coiling-type session. When you consider the big gap up the indices had on Friday, and the way the market acted, this was an excellent consolidation day. The gaps were not really tested, particularly on the Nasdaq 100. Key support did hold today. Basically, the indices spent the entire day backing and filling, and narrowing at the end of the day. Net on the day, the Dow was down 23.65 at 17,623.05, 21 points off the

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