DBD Strategy Daily - INDICES : consolidation or bullish reversal?
It all looks as if nothing has changed in Europe. Indices are consolidating, and since they joined new lows last week, one can now expect them to move to the top of their ranges (with nuances according to national indices). Short-term resistances that would allow European indices to rise for another couple of weeks have not yet been triggered though. Signals may come tonight. If they do, we could gain back some 4%. In the medium term though, we do not have the elements to say that this possible short-term bottom will allow breaking out of the long trading ranges.
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