Market Analysis for The Week of 11/2
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Last week saw continuation of the 10/24 breakout from the multi-week balance on both ES and NQ. Within just a few days of breaking out, ES found the 1.618 extension and NQ the 2.0 extension of that range break. Some profit taking from there was reasonable to expect. The tape flipped a bit heavy on Wednesday into Friday. Was it just profit taking or something more?
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