Correction or new uptrend?
After elections on Wednesday, there is a slight downtrend in almost all stock instruments in bank sector (see marketwatch.com/story/big-banks-trade-lower-after-virginia-new-jersey-elections-2017-11-08). On Wednesday the CCI indicator showed a signal on short position with the support of increasing money flow index. Is the downtrend going to continue? Let's see what a previous resistance band will tell us...
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