DBD Strategy Daily - INDICES : SOME BEARISH SIGNALS
Suddenly the market is scared by trade wars... Asian indices are breaking below major supports this morning. One may fear those signals are traps -they seem to be more frequent than real signals those days...-, the "panic day" that ends all drops. Yet, in Europe, we have several sector indices that also stand at important medium term support levels. Should these break, it would be hard to consider that it is the end of the drop. It would very much look like the beginning of a downtrend! As always, it will be up to US indices, and more precisely to the strongest US index, the Nasdaq 100.
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