Reversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of price action is common and it does not indicate high probability of a major top formation as some analysts claim. As a matter of fact, this type of price action is common during the formation of short-term bottoms.

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The Price Action Lab Report – Thursday, January 29, 2015 [Premium]

The Price Action Lab Report is delivered daily before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

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A Short-Term Correction in Stocks Appears Inevitable at This Point

Price Action combined with technical levels points to an inevitable short-term correction of about 3% in S&P 500 from current levels and towards a price attractor near the 200-day moving average.

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The Price Action Lab Report – Wednesday, January 28, 2015 [Premium]

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Follow the Money, or Not?

Stock indexes are flat this year so far but biotech, gold, real estate and bonds are already generating high returns. Investors are diversifying but risks are increasing.

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The Price Action Lab Report – Tuesday, January 27, 2015 [Premium]

The Price Action Lab Report is delivered daily before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

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Gold Testing a Crucial Fibonacci Retracement Level

After a 61.8% Fibonacci retracement of a three-year rally, a base for a rebound was formed near 1,150 and prices are now testing the 50% Fibonacci retracement level near 1,300. This is a crucial test and its outcome will decide the future course of gold prices.

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