European Indices Come Back To Life

New week, new trading opportunities. Frankly speaking, we have quite a few of them with two dominant topics: reversal on the and a surge on stocks. Weakness of the USD is definitely striking and should not be ignored but in this trading sniper video, we will focus on the rises on the stock exchanges as for example , is coming back from a very dangerous sell signal…

So yes, DAX is our first instrument of the day, and oh boy, what a day for DAX it is! On Friday, the German index finished with a breakout of the crucial 12800 support and a proper sell signal. This was surprisingly totally ignored today and the price came back above 12800 additionally breaking two mid-term dynamic resistances. A true display of bullish power.

French is also climbing higher after the price broke the upper line of the flag and the horizontal resistance on 4922. The next target is a long-term down trendline, which is connecting lower highs since the beginning of June.

OK, Europe may be fine but the real star is definitely America with SP500 being on all-time highs as we speak. If it is a surprise for You then probably you are not paying attention to what is going on around You. Unlimited money supply from central banks, allowed traders to be reckless and forget about the fact that markets can also move in a direction other than north. Strength is so overwhelming that today, price broke even the upper line of the channel up formation, and believe me, this does not happen very often.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.