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Pretty Negative Day for the Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices suffered some losses today. They opened lower, and then move even lower to test support, and bounced around all day, forming bear wedges and coils, which I warned would look ominous. They did get a late sell off, and in the last hour they rolled over, taking the Nasdaq 100 from 4676, down to 4651, a drop of 25 points straight down. The S&P 500 went from 2073 to 2062. It was a tough day and they closed near the lows for the day. Net on the day, the Dow was down

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