DBD Strategy Daily - PANIC IN EUROPE
European indices retreated fast over a week, together with the Euro. We are reaching supports this morning, with a small panic while US markets are closed. This seems a little overdone for the immediate futur, unless US indices also break below their supports. This is a risk that we do not ignore, US indices are rangy, and towards the top of the consolidations. They can easily fall back 2018 lows. Their reaction today will set the rhythm of the fall, offering a breather for a couple of days or immediately making the matter worse.
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