Modestly Positive Day

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The stock market indices started out the week with a little pullback, and then a pop to the upside immediately, but that failed at resistance. They pulled back one more time and made slightly lower lows, and held support. That was significant because the markets put on a 5-wave advance over the next several hours to reach 4430 Nasdaq 100 and 2054 S&P 500, which were new highs for the rally. They then pulled back with an hour and a half to go, and in the last half hour they bounced again to

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