Short term bullish
Just as it looked like the major averages were ready to break the downside (double tops), the buy-the-dips mentality came back in force.
On a short term basis the DJ Euro STOXX 50 made a morning star bullish pattern (circle).
As sentiment is still showing fears (volatiliy is rising and us investors are very bearish) in the short term the risk of a fall is decreasing and
in the same time the probability of the rise continuing is increasing.
1 commentaire:
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