Rescues sometimes have happy endings. Households, companies, and even governments with enough self-discipline and some luck can sometimes be pulled back from the brink. But they must be at the brink, not beyond it.
The stock market indices suffered a down day as profit-taking set in mid-morning after the indices opened strong. A 3-wave decline ensued, breaking key short-term support and testing secondary support before bouncing late in the day.
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