After the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the week's maximun (9806) 2) American futures indices SPX YM NQ DJ:DJUS broke out thru the falling triangle today but still waiting to see the close. European markets are affected by American futures positive & negative about #TradeWar, #ColdWar, #Tariff 3) Volatility is low now but you know what happenned with bad news #Trump #Tariffs #TradeWar #ColdWar
Excellent opportunity to consider these markets also: DAXCACMOY0 FY1! SX5E
Careful to be too optimistic there are doubts about issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Big picture:
Trade closed: target reached
Principal european index is german dax30 DEU40, take a look how is performing:
Above of downtrend line and far of year's minimun is overcoming important resistances, now is into Ichimoku's cloud but consolidating bullish sentiment, which has a positive effect on the other indices
Quiet session in general, good day to close longs European's futures and options have expired (DAX30, CAC40, IBEX35) American's futures and indices in red Day to collect profits in Europe ... happy weekend!
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