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Markets Rebound but Gains Are Unconvincing

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Despite enduring a difficult start to the week, European indices are mostly trading back in positive territory on Monday as investors look to secure some bargains following last week’s rout. At this stage, it’s a little early to know whether this morning’s moves mark a bottoming in the markets following what was a dreadful first week – the worst opening week of the year for U.S. indices in history, in fact – or if it’s just a dead cat bounce. At the moment, I’m inclined to assume the latter as

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