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Stocks Going Sideways - Topping Pattern or Just Flat Correction?
June 14, 2019, 7:25 AMStocks extended their short-term consolidation on Thursday, as investors continued to hesitate following the recent rally. The daily trading range was very narrow again. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it a downward reversal or just correction before another leg up?
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Stocks Poised to Bounce Back?
June 13, 2019, 7:24 AMWednesday's trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it a downward reversal or just correction before another leg up?
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S&P 500: Consolidation Along 2,900 - Topping Pattern?
June 12, 2019, 7:25 AMStocks went sideways on Tuesday, as investors hesitated following the recent advances. The S&P 500 index reached the new local high of 2,910.61 and then it came back below the 2,900 mark. So was it a downward reversal?
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S&P 500: Topping Pattern or Just Pause Before Another Leg Up?
June 11, 2019, 7:23 AMMonday's trading session was bullish, as stocks extended their short-term uptrend once again. The S&P 500 index retraced more of the recent declines and it broke slightly above the mid-May local highs. Will the uptrend continue despite some technical overbought conditions?
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Stocks Extending Rally, but Resistances Ahead
June 10, 2019, 7:21 AMStocks extended their recent rally on Friday, as investors' sentiment remained bullish despite the ongoing trade war jitters. The S&P 500 index retraced more of its recent declines and it got close to the mid-May local high. Will the uptrend continue today?
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