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FOMC Announcement Sends Indices South

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had a topsy-turvy day today, coming down hard in the morning, back up midday, they backed off until the FOMC, and then spiked right after the news for a few minutes, reversed very sharply, taking the Nasdaq 100 from 4218 down to 4112, more than 100 points. The S&P 500 then dropped from 1915 to 1872, a total of 43 points. It was a very nasty slide indeed. They managed to bounce, but really formed nothing more than bear flags, and closed down on the day. Net on the

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