GER30 Short-Term Analysis: Possible Rising Wedge Pattern – 04 July 2022
Shorts may target the GER30 Friday rally.
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Shorts may target the GER30 Friday rally.
The German index slumps today and sets new June lows, heading towards its worst month of the year, amidst broader risk-off mood
The tech benchmark is unable to capitalize on last week’s rebound and remains deep in bear territory, as stagflation fears persist
The US benchmark index is on the front foot, trying to exit from the bear territory and heads towards its first profitable week in a month
The German government entered into the second level of its emergency plan for gas yesterday, which sent GER30 lower, heading towards another losing week
The DAX index's primary trend turns down.
The US central bank delivered its biggest rate increase in almost 30 years earlier in the week and tech sector reels, despite initial reaction higher
The US index plunged on Monday and closed in bear territory, in the aftermath of the renewed surge in CPI Inflation, but stages a rebound today, ahead of Wednesday’s policy decision by the Fed
US indexes trade in their long-term weak areas. All have associated underlying momentum to the downside, but the small companies index is especially afflicted.
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