Possible support off 144 with 5 bottoms and a completed 7 month cycle (Gann death zone ?) I am by no means convinced that things are getting any better in Europe but maybe another kick-the-can-down-the road policy could spark a rally ? If trading long close stops definitely required and likely further weakness if these lows break..
One thing's for sure, if a rally is really going to happen, it will dearly need the financials to play along.
ReplyDeleteGod knows they're oversold enough to a least bounce a bit.