Kumowizard

STOXX50 - Turning bearish?

Short
FX:EUSTX50   Euro Stoxx 50 Index
1
Two daily reversal candle, followed by todays px action. Daily MACD turning down slowly, Slow Stoch back below 80. 4 Hrs trend breaks just now, DMI close to a bearish cross. Bund is flying, EURCHF down.
Equities are getting close to a major correction again. Maybe it is time to put on some initial shorts, or buy put options.
We are still far from a major selloff, but px action defenately worse now. Ukraine started to bite!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.