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Despite a negative reaction to Fed comments, and the U.S attack on a Syrian air base, the market held steady within the current corrective phase. The 10-minute bar chart below shows two weeks of activity. Note that the bottom of a decline on Monday defined the bottom of a trading range that would hold for the rest of the week. An attempt to break out of the range on Wednesday failed, and prices retreated back into the sideways pattern initiated after Monday's bottom.
Continue reading "DecisionPoint Weekly Wrap April 7, 2017" »