Tuesday’s losses were enough to send a shot across the bow of the latest market uptrend. Trading volumes ran higher, delivering a third day of distribution.
With the rally only entering its seventh day, this latest round of selling put markets on notice that the current uptrend is under pressure.
Continue reading: Latest stock market rally encounters selling pressure
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This cycle of confirmed uptrend and market under preessure is becoming a everyday ping pong ! The stoplosses will damage accounts?
Always a possibility. On the bright side, there hasn’t been too much time for leaders to set-up between the ups and downs, so losses should be pretty small.