The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
Last weekend’s Strategy Session noted that many European bourses were quite oversold and thus ripe for quick, tradable bounce for aggressive traders.
On the updated Germany country ETF, note the bounce that ensued for much of last week.
However, Friday saw a very heavy sell volume day, and the chart could easily be bear-flagging before another leg down.
Hence, traders should view any counter-trend plays as rallies to be sold, until further notice, rather than as buy-and-hold trades.
Please click here to continue reading
Europe ripping tits to the upside. Loaded for the bear trap that was set Friday 🙂