Technicals Bad for U.S. Stock Markets on Monday?

By: StockMarketsAnalysis

Portland : OR : USA | 4 months ago

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The Dow Jones Industrial Average is positioning a head and shoulders pattern ending the week on a bad note; jobs data. This pattern generally is bearish but positive data, short covering, dip buying and other reasons may prompt the markets to rally instead. The Dow is currently at just above 8,280. the Nasdaq closed just over 1,796 and the S&P 500 at just above 896. Each index fell just under 3% on Thursday.

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