Dax 30 and Dow Jones Industrials - Daily timeframe analysis
27 September 2014, 18:52
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Analytical Trader signaled the beginning and endings of the last corrections in Dax 30 (Germany stock index) and Dow Jones Industrial Average. Dax is currently retracing and is in a trading range for months, so I’d be careful entering in a long position now – instead, I’d wait for the prices to come down a little bit more, or wait for demand/no-supply signals.
Moreover there was a recent supply signal in Dow daily, and since American and European stock indexes move along with each other, this is one more reason to sit on the sidelines. If I was long I’d probably reduce my positions.
Files:
dowjones.png
49 kb
de30.png
63 kb
