German 40 IndexLong
14.10.24
Markets recently have been bullish, the main question is can markets continue to be bullish and will the strength on the US and Euro economy continue to strengthen after the recent rate cuts. Results from US earnings with a close eye on Netflix and retail sales are due out this week and people will look see what these results mean for the Fed officials, whist the European bank is expected to deliver a quarter point rate cut.
Us30: As we can see price has broken out of the sideways range sinc Septmeber and has now reached 42654.00 after bouncing up from 41828.59. In essence I'd like to see price continue higher for a little while longer but it is due to retrace if anything at this point.
Ger40: After bounce from an area of demand price is now pushing towards 19500.4 which it should reach some time soon possibly before Wednesday. After I will expect price to atleast retrace also.
Us30: As we can see price has broken out of the sideways range sinc Septmeber and has now reached 42654.00 after bouncing up from 41828.59. In essence I'd like to see price continue higher for a little while longer but it is due to retrace if anything at this point.
Ger40: After bounce from an area of demand price is now pushing towards 19500.4 which it should reach some time soon possibly before Wednesday. After I will expect price to atleast retrace also.
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