Wednesday’s session was controlled by bulls, as expected. The beginning was a little puzzle because of weakness of Shanghai Composite Index which decreased 4% before start of European session. Eventually it ended just with a little fear and Chinese index made most of the losses in the last hour of trade and bulls on DAX started to attack.
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Wednesday was in great moods but the score is not as good as we could expect: English FTSE100 +0.08%, French CAC40 +0.56%, German DAX +0.69% and in the US S&P500 +0.08%, NASDAQ +0.16%. In case of DAX futures there was lack of only 40 pts to break resistance at 10,500 pts and the index itself ended session on 10,420 pts. Considering close resistances on DAX 10,500 pts and S&P500 2,100 pts, today is great opportunity to bearish correction because of ECB meeting.
