The DAX has shown itself to be negative during the trading session on Monday, but at this point in time, it looks like the market has seen the 19,000 euros level as important.
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As you can see, the Japanese index has pulled back pretty significantly during the trading session on Monday, but that does make a certain amount of sense, considering that the 40,000 level, of course, has a lot of psychology attached to it.
The S&P 500 pulled back just a bit during the trading session on Monday as we continue to see a lot of noisy trading overall.
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The NASDAQ 100 rallied a bit during the trading session on Friday as the markets continued to rock back and forth.
The Nikkei 225 rallied rather significantly during the course of the trading session on Friday, slamming into the 39,500 yen level, an area that has been important multiple times.
The most obvious thing is that we have seen a turnaround in most indices, and the CAC 40 in Paris of course is no different.
The ASX 200, one of my favorite global indices, fell a bit during the trading session on Thursday, only to turn around and show signs of life.
The S&P 500 initially pulled back just a bit during the early hours on Thursday, only to turn around and show signs of life.
The Euro Stoxx 50 fell rather significantly during the trading session on Tuesday, which is not a huge surprise considering that CPI is now below the 2% target that the ECB dictates.
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The MIB 40 has pulled back rather significantly.
The Parisian 40 fell pretty significantly during the early hours on Monday after initially trying to rally.
Although we sold off significantly during the trading session on Friday, we have seen buyers come back into the market and take over the overall momentum.
In my daily analysis of the global indices around the world that I follow, the DAX stands head and shoulders above a lot of other ones because we are threatening a major breakout.
The Paris index was rather bullish during the trading session, testing the 200 day EMA near the 7,600 euro level.
The Nikkei 225 initially did rally a bit during the early hours on Monday, but it looks like we are starting to dig into a significant amount of resistance.
