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“Buy Into Weakness….and Sell Into Strength…..” – Mark Twain

Jul 18, 2019 (10:55)

by John Knobel

German DAX current price 12,280; now trading within the 12,294.5 - 12,040 buyers support zone; new long positions can be support provided price does not break below the 12,040 lower support; further upside towards 12,970 remains a potential provided the 12,294.50 recent support now turned resistance can be overcome.

Will sell the greed, and buy the fear traders make profits over the coming weeks?

Asian, European and US stock indices lower; ahead of the pending July 31st US interest rate decision;

US-China trade war headlines resurface;

Investor fears kick off profit taking after US multi-month stock market rally hits new all time historic highs;

Prospects of improved corporate profits due to lower interest rate expectations and current investor fears may open up new trading opportunities for those investors who have missed out on the recent bull rally;

Multi-month trend analysis indicates that most major stock indices remain in a multi-month uptrend;

Source: FXGM investment research department

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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