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Reversed and Closed at the Highs for the Day Going Away

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices ended the week on a high note. The day started it with a pop to the upside, they ran all morning, but did not get confirmation from the S&P 500 on the new, morning highs on the Nasdaq 100, but closed a 3-wave, corrective pullback. By early afternoon the indices were at their lows, reversed sharply off secondary support, and came on strong in the last two hours to finish at the highs for the day going away. Those were also new, two-week highs, since the important

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