Indices ignore sell-off on Wall Street
Tuesday saw sharp declines on Wall Street with US100 pulling back more than 10% from the top but the European markets were more resilient and this strength is seen once again today. DE30 has recovered more than 1% despite weak Asian session and is still trading just less than 3% off the post-COVID highs.
More importantly DE30 has defended the trendline that’s been present since June. Only a break lower could technically trigger a deeper correction – the last such correction occurred in early June.
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