Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#36978
MoneyNeverSleeps
Participant

Outside day candles in the DAX are a big concern.

Stoxx 600 -1.3%
German DAX -1.3%
UK FTSE 100 -0.9%
Spain IBEX -0.2%
French CAC -1.3%
Italy MIB -0.8%

The outside day pattern combined with the macro backdrop is a fairly good indicator that the latest bounce has run its course.