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Market View

Market Review on Major Indices - DAX, SP500, UK100, CAC40-

Thursday, April 27, 2017 7:07 AM GMT

All major indices maintain the positive overall market bias after Macron’s win on the first round of French elections. The market is discounting an easy win on the second round as well. They have created big gaps, which are still open. If the price action stays above those gaps, then we may anticipate new highs or at least one more bullish leg. On the other hand, if price goes inside the gaps, then most possible, indices will cover them.

If indices make a higher high then we may see negative divergences on oscillators like MACD or RSI, which it may give sell opportunities to traders. We will follow up the price action in future posts.

DAX H4

 

SP500 H4

 

UK100 H4

 

CAC40 H4


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