early morning charts…DAX, Eurostoxx 50

while the S&P 500 rallied beyond its 61.8% Fibonacci retracement move, the European indices…at least the DAX and the Eurostoxx 50 are still well within those resistance zones.  See the charts below.  Given that this rally was all on the back of news out of Europe it might be wise to take resistance clues from those indices…just a Friday morning thought…

Leave a Reply

Your email address will not be published. Required fields are marked *