FDAX and S&P today

The S&P ,as asked in my last post, finding support at the daily 50 SMA last weeks friday, at least for the moment. See encircled chart below.

Today the FDAX opened lower with a gap of 100 points but retracing in the morning more thzn 50%. Nerved about the FED??

Today I came across an interesting tradingblog from Larry Connors, CEO and Co-Founder of TradingMarkets.com. His articles are more than worth reading. An interesting point of his blog is his studies performed over years. Later more.

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FDAX