DBD Strategy Daily - US INDICES overstretched
We have had a Sell Countdown on the S&P 500 and the Dow Jones. Up to now, this only announced sideways consolidations. We recommend raising short-term profit-taking stops to below Monday lows. In Europe, there is a big difference between the Eurostoxx 50 and the Stoxx 600. In either case, it is worth waiting a few days before opening long positions as we have weekly bullish gaps to test...
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