Kumowizard
Short

EUSTOXX50 - Update / More signals for trouble

FX:EUSTX50   Euro Stoxx 50 Index
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We have more signals todays indicating the selloff can soon accelerate in European equities.

First of all please check my previous post on the link below

Daily:
- Chikou cross below Price candles - weak bearish signal
- Price is flirting with Kijun Sen - If it breaks below, then the very important 3100 support becomes a resistance.
- MACD is close to bearish cross

4 Hrs:
- weak bearish Tenkan/Kijun cross kept valid as Price retested Kijun twice and turned down again.
- Chikou Span is crossing below Price candles
- DMI bearish cross and ADX started to increase, so this time it can be valid
- present Kumo is very thin, no problem to break through 3100. If the breakdown happens, selling will accelerate.
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