​We are in one of those difficult situations where weak indices (Euro area) are getting oversold, and strong indices (US) are overbought. It is easy to tilt to bullish in Europe, and to bearish in the US. The most reasonable option would be that all indices fall together. This is the one we have chosen. As long as the Euro-Dollar is above its shot-term support, we give its chances to this scenario. Yet, we know that markets do not always go to the easy solution... We believe this is a stop-and-reverse situation. We have set clear levels to change our views. Forewarned is forearmed
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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