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20DMF
Today, we came to test the low of two days ago. This is technically a good move, especially if we can stay within the envelope and if volume is light, which would be a sign that sellers are almost over.
The bounce however does not attract large buyers yet (20DMF weak,) But the CTick is positive. This might indicate that there will be a tentative to push markets higher during lunch.
Anyway, a proper buy signal is probably for Friday.
Pascal
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