DJ Stoxx 50 Index Hits Support from Key Retracement

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

After falling off the cliff the last few weeks, the DJ Stoxx 50 Index hit support from a familiar retracement. The decline to around 2460 retraced 62% of the prior advance. There is also support in this area from the October-November lows. The European stock index bounced off support on Thursday and added to gains on Friday. Note: this is an end-of-day (EOD) index, which means its price will be updated after the close.

110318stoxx



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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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