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That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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Dow has moved higher through the day dragging Dax with it, Dax now approaching the post gap high and strong resistance. If the upward momentum continues into the US session could see a clear break for Dax.



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Just comparing the weekly charts and noting they are all at about the 50% retracement of the big move down from January and for dax and nikkei this was as far as they got on the first attempt to bounce back.




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Dow daily running up to down trendline resistance but note this push up is from mid triangle and a higher low so maybe positioning for a break to the upside. While dax pressing on stubborn resistance.


Dow daily, Dax daily and 1 hour.



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Dow and nikkei looking to bounce up off support while dax flies the flag having finally beaten that weekly resistance level. ASX ploughs through weekly resistance but has monthly just ahead.




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