The stock market indices had another very good session today. They gapped up at the opening, ran to resistance, backed off resistance, but held support.
There are growing signs that risk aversion is beginning to resurface which is also being reflected in hesitation about extending and adding to the hot money flight into a variety of emerging market asset classes.
The stock market indices opened with big gaps down today, fell sharply lower, but did rally back in the morning to take back about half the losses, but that was a 3-wave corrective-looking rally.
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