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Saturday, February 14, 2015

Could we see a pullback in Europe?


The DAX weekly cash pulled up just shy of 11,000. It looks a bit over done for now. I am looking for a pullback on uncertainty on Monday regarding the Greece bailout and also tensions in Ukraine.


The FTSE weekly cash did break out to end the week but the kijun sen is dead flat so that suggests that it is still in the sideways consolidation. I will be looking to see if it can hold above the resistance or if it sees some selling.


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