DAX Clings On As Sentiment Sits On A Knife Edge | Keep An Eye On DJI

The DAX is clinging onto its 2019 bullish channel after a rough session which saw yields crash and safe havens rise, with renewed growth and trade war fears. If risk-on can resurrect itself, then we can seek bullish setups within the channel. Yet if the negative vibe persists, we may need to ‘look out below’ if the large reversal pattern on the Dow Jones Industrial is anything to go by. Matt Simpson takes a technical look.

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