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Beware of chasing European indices higher | The Steady Trader
  • Euro Stoxx 50 is up 10% over the past three weeks
  • Rally has pushed the Euro Stoxx 50 back toward defined line of resistance
  • Active investors would be wise to adapt and “buy the dips, fade the rips”
  • Weeks-long rally in the Dax has taken it back to 50-day MA and line of resistance
  • Traders should not chase Dax higher, but buy lower on reversals or short into rally
  • Opportunities to rebuy the Dax could emerge in the 9,800-points area

Read my full analysis HERE

eu50weekly

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