Good morning traders.
European stocks are turning down today, which may have something to do with possible recount of the US elections votes. If this would happen then obviously democracy would be shaken hard in general, which is not positive for stocks.
However, technically it can be only the first Monday reaction, moves that are not build on “real money flows”, so it can be just a temporary sell-off. I am tracking an a-b-c down on DAX which can be now moving into final stages of this set-back with support seen around 10500-10550.
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German DAX, 1H