Since the market created a consolidation late yesterday till early this very morning, the market could break that trading range with a strong awakening of the volume showing that the bears are willing to sell the market this morning at least.
Nice short-term Reversal Trade taking advantage of the upward move in the range bound trading. The removal of political risk and the inflow of investment from US to europe would further boost it.
The EU stocks index Eurostoxx 50 (MOY0) has made a nice rise since the Brexit (end June), but the buyers are currently facing some difficulties to go higher. In fact, the european stock market is inside a bearish dynamic since early 2015, as characterized by the downside trendline resistance (blue) and the bearish 200 days moving average.
In this case, the...
The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback.
Perfection of the black trend line crossing the triangle from the cypher.
If this rally continues to 3178 then we will have a cypher pattern completion and could go short.
Profit targets indicated by the green boxes. Stop loss...
RE: Global Macro Update Regarding European Union, #ECB, and UK
The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com Capital Markets Intelligence,...
Running Alpha Capital Markets Intelligence re-iterates its warning posted on Jan 11th, 2016 to Global Investors of an Imminent and Persistent Crash, specifically for Euro STOXX 50 Equity Index ( Symbol FEZ ) .
The benchmark European index, the Euro STOXX 50 should easily retest the crash lows of 2009; USA equity markets do not have a crash signal, but will...
