If you are a forex trader, you have probably used Bollinger bands to monitor for breakouts and follow trends. Bollinger bands give unique insights into the price, oversold and overbought levels, volatility in the forex and futures, and stock markets.
Stocks plunge throughout the week—Dow dropping by more than 430 points
On Monday, the major averages dropped as traders struggled to comprehend the resurgence of Covid infections inspired by the new omicron variant. On Tuesday, the Dow Jones Industrial Average shed 433.28 points to 34,932.16, weighed down by declines in Boeing, Goldman Sachs, and American Express. The S&P 500 slumped 1.1% to 4,568.02, while the…
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