Looking for a 1-2% bounce in the markets from the low on 10th July, followed by a further 2-4% Downside risk. DAX (4%), FTSE (3%) and SP500 (2%)
FTSE tested 6643 on 10th July. Look for a bounce back to 6759 with a summer low possibly around 6500 by the end of July.
DAX 9659 tested 9617 on 10th July. Bounce back to 9827 (50ema) before a summer low around 9406 (200ema)
SP500 1965 tested 1953. Upside should not exceed 1973 before a move down to 1925
FTSE tested 6643 on 10th July. Look for a bounce back to 6759 with a summer low possibly around 6500 by the end of July.
DAX 9659 tested 9617 on 10th July. Bounce back to 9827 (50ema) before a summer low around 9406 (200ema)
SP500 1965 tested 1953. Upside should not exceed 1973 before a move down to 1925
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