Afternoon Update: More Confirmation of Consolidation Trend Lines
The averages are trading near session lows. SPX -0.6%, Dow -0.5%, Transports -0.6%, NDX- 0.7%, Small Caps -1.3% While not all of the averages posted more confirmation, several did at intraday lows. SPX (10m) NDX (10m) Small Cap IWM (10m) is one the least well-formed bull flag consolidations and today didn’t help that, but often…
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