The Dow remains in a symmetrical triangle, albeit with a nested triangle that leans ever so slightly toward descending. This nested triangle qualifies as a triangle formation having two peaks and two valleys with diminishing, or consolidating, amplitude.
Perhaps this ever-tightening consolidation is the market waiting with bated breath for tomorrow's FOMC meeting.
Perhaps this ever-tightening consolidation is the market waiting with bated breath for tomorrow's FOMC meeting.
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