13Oct2016 Market Close: Has The Spooze Broken Down Through The Wedge Indicating A Correction Is Underway, Indicators Are Pointing Towards A Downwards Trend, Investors Looking For A Safe Haven, Gold Is Not The One
Thursday, October 13, 2016 13:55
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Wall Street rolled over in late afternoon trading peaking near the unchanged line, but finally closed in the red (SPY -0.3%) without much help from the BTFDers. Crude climbed 2% from this morning and the US dollar declined about the same. Indicators are bearish and a pullback appears to be close at hand.