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Finished with Gains but Way off the High

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had an up session, but it wasn't pretty. The day started out with a pop, and then preceded to go in a 5-wave advance, and by mid-afternoon they reached 4674 Nasdaq 100 and 2068 S&P 500, but dropped in the last hour, pulling back pretty hard. The Nasdaq 100 dropped from 4674 to 4643, losing about 31 points in the last hour, and the S&P 500 went from 2068 to 2052, down 16 points. Both pullbacks came off of declining topslines and moving averages. The trend is

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