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Strong, Positive Close

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices started the day with a move to the downside, caused by the OPEC failures, but support held at 4530 Nasdaq 100 and 2074 S&P 500. They then embarked on a very strong rally, taking the Nasdaq 100 40 points straight up, and the S&P 500 up about 16 points. They backed and filled most of the day with the S&P 500 moving higher, while Nasdaq 100 moved sideways, with Apple Inc. (AAPL) and Netflix, Inc. (NFLX) pressuring the market. At the end of the day as Netflix

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