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Not As Bad As It Looks

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The markets were off for the session, but it wasn't as bad as it looks on the surface. The day started out with the indices making a move down, they rallied back to resistance, and made new highs on the S&P 500, but were not confirmed by the NDX. They were in a 5-wave decline until early afternoon, then had a 90-minute rally, and in the last 40 minutes they pulled back into the close. Net on the day, all of the indices were lower, with the Dow off 13.43 at 17,217.11. The S&P 500 gave

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