EUROPEAN STOCKMARKET TECHNICALS TURN NEGATIVE

Angela Mangan

QMG Pty Ltd

The FTSE, DAX, CAC indices generated technical sell signals last Friday. The expectation is for further downside to occur. It is an extremely negative technical / momentum indicator for the European region market outlook that three key indices have simultaneously generated technical sell signals. The sell off has continued overnight. (A previous illustration of a technical regional theme emerging was Asia in mid-2014, given the generation of index buy signals in rapid succession by the Nikkei, Hang Seng and Shanghai Composite indices. This accordingly flagged the potential for a major rally in the Asian region).


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Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

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