- 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