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U.S. Stock Index Bulls on the Ropes, Close to Being Knocked Out

October 23, 2018 by Jim Wyckoff

The U.S. stock indexes are under strong selling pressure again early this week. If the December e-mini stock index futures drop below strong chart support at the October low (which was very close to occurring as of this writing) then more chart damage would be inflicted to suggest a fresh leg down in prices. The bulls need to make a stand right now, and if they fail then sideways-to-lower price action is likely to continue in the coming weeks. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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