Topping Pattern or Just Consolidation Before Another Leg Up?

Source: Przemyslaw Radomski CFA Published on Thursday, October 4 2018
The U.S. stock market indexes gained 0.1-0.3% on Wednesday, extending their short-term consolidation, as investors continued to hesitate ahead of tomorrow's monthly jobs data release. The S&P 500 index has reached the new record high of 2,940.91 on September the 21st. It currently trades just 0.5% below that high. The Dow Jones Industrial Average gained 0.2% and the technology Nasdaq Composite gained 0.3% yesterday.The nearest important level of support of the S&P 500 index remains at around 2,9
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