At one point it looked like today's action would form a bearish engulfing candle, however with the attempted rally in the last hour of trade, we're still in this narrow trading range confined to the lower portion of last Friday's bearish candle. Volume today was 2.17 billion shares. The ADX is now 18.16, a level not seen since October and the +D and -D are kissing which is technically in line with the lacklustre, directionless action of the past three days.
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