Dow, DAX 40 and FTSE 100 Show Similar Setups Before Similar Event Risk
Anticipation seems to be amplifying holiday complacency, but the technical pictures form the benchmark Dow, DAX and FTSE should have traders are on guard
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Anticipation seems to be amplifying holiday complacency, but the technical pictures form the benchmark Dow, DAX and FTSE should have traders are on guard
While the S&P 500 managed to hold up above its own 200-Day SMA Friday, we have crashed back below the prominent technical level and back into the narrow range of the previous weeks
The VIX and US Dollar, however, have made technically-relevant breaks lower which will make Friday’s NFPs even more interesting
Bullish milestones were hit this past week from the S&P 500 overtaking its 200-day SMA to the Dow returning notching a technical ‘bull market’ but follow through will prove difficult
The DXY Dollar Index closed below its 200-day simple moving average for the first time in 380 trading days this past week – ending a record run above the trailing measure