Not much to talk about this morning with London and New York closed, but the Europeans were hard at it – in the best way possible. In the Weekly Report published yesterday, I commented on the importance of the German DAX – and the need to keep an eye on it. Well the DAX was up 3% last night and broke upwards out of its symmetrical triangle. That’s bullish.
The French CAC went along for the ride, up +1.98% – and also broke above an oblique resistance trend line (similar to the DAX).
So. That looks good to start the day for the Ozzie Market. Let’s see if it can hold early gains.
Redbacka
Not much to talk about this morning with London and New York...
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8,199.5 |
Change
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