DBD Strategy Daily - INDICES PRESERVED THEIR SUPPORTS
Indices preserved their supports yesterday. This means the S&P 500 trend is still bullish, and European trendS are still flat for most. Today's improvement is caused by banks, a weak sector that is in a downtrend. Whatever the agreement between Merkel and Macron, it will take more good news to interrupt that downtrend. News are meaningful when they help passing technical levels. This is not the case for the time being. So far, nothing has changed, but the Automotive sector which is breaking below its major support (see yesterday's Strategy)
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