i was kind of expecting the rally to continue last night. but if you zoom in on the intraday price action, you will notice that markets were rather choppy and moving sideways as compared to the session on thursday night then trended up a couple of hours before the markets closed for regular hours. i was researching into past CPI drops and based on that next week the markets should close in the red. of course past performance is not an indicator of the future but there are such a thing as chart patterns as far as technical analysis is concerned. lets see if a red candle appears on the weekly chart next friday after market close.
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Superb post thanks for sharing this