In the week ahead look for these news announcements to act as potential market movers…
The pattern we see forming is a Double Bottom Pullback. Keep in mind that the opposition to any pattern is a violent move ie: if a bullish pattern fails, a violent move to the downside tends to prevail because all the people that were getting long are forced to exit rapidly via market orders. Later this week volume will start to lighten up and next week we will not be trading as volume will be extremely thin.
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