Recently, across all major market indices, the market has entered bullish trading channels, and is trading above the 14 day, 50 day, 100 day SMA, however, yesterday, bears took over the market, resulting in bearish candlestick reversal patterns happening in the S&P 500, Russell 2000 and Nasdaq. In the market, many stocks have had breakouts and gaps this past week, which can easily be reversed and filled, so today's trading will give a good indicator of the strength of the trend.
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