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The NASDAQ 100 bounced quite a bit during the early hours on Monday as the 18,335 level has offered support.
During the early hours on Friday, we initially saw the market try to rally only to turn around and fall rather significantly in Paris.
I can see that this index is falling rather rapidly due to the week jobs numbers coming out of the United States.
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The Nikkei 225 had a slightly positive session during the trading day on Thursday, testing the 200-day EMA, but it did shy away from it.
The S&P 500 appears to be stabilizing a bit during the trading session on Wednesday as it looks like we are going to continue to see a lot of noisy behavior.
The ASX 200 has stood out as an example of a potentially exciting technical analysis set up.
During the trading session on Tuesday, we seen Tokyo sell off quite drastically as the Nikkei 225 fell rather significantly to test the 50 day EMA.
The ASX 200 has shown itself to be somewhat negative.
The Parisian CAC 40 pulled back just a bit to show signs of weakness initially during the trading session on Monday, but then turned around to bounce back above the 200 day EMA.
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It’s easy to see that this asset has plenty of support as we initially fell to kick off the Monday trading session, only to turn around and show buyers again.
The ASX 200 pulled back into a consolidation area.
It’s obvious to me that we are reaching a major resistance barrier, looking at the €7700 level as a major ceiling.
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Sign up to get the latest market updates and free signals directly to your inbox.The Dow Jones 30 initially tried to rally a bit during the trading session on Friday, but then gave back gains rather rapidly.
The S&P 500 was positive during the trading session again on. Thursday, but really at this point in time, it's a situation where traders continue to see a lot of buy on the dip mentality, the GDP numbers, in the United States came out hotter than anticipated.
The NASDAQ 100 has been somewhat noisy and negative, but really at this point in time, I think we do have enough support underneath to turn things around and we could go looking to the upside.