US Stocks Break The Ice Of Minor Support
Eric De Groot | Sep 16, 2014 07:29AM ET
Price has smashed through minor support with force (chart). In terms of supply/demand interpretations, these outcomes have been described as price breaking the ice of support and suggest continuation of the downtrend.
As previously discussed (NASDAQ), 08/18 support zone become the next zone of support and target. How price handles this zone generates probabilities when the path of least resistance changes from down to up.
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