Nasdaq: Bullish Harami Holds but Key Moving Average Resistance Looms Overhead
Yesterday’s economic data generated a sizable gap down across indices which carried into the open and for the morning session.
At this point, bears had all the momentum until buyers made their appearance and kept buying pressure right into the close.
The net result was to leave large bullish candlesticks that offer bulls something to work with for the rest of the week.
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