GLOBAL MARKET TECHNICAL TREND CHANGE

Angela Mangan

QMG Pty Ltd

Over the last three weeks there has been a trend change in key global stockmarkets. During this period technical sell signals have been generated on the Hang Seng, simultaneously on the FTSE, DAX and CAC, followed by a sell signal on the Nikkei. The fact that these index sell signals have been generated in rapid succession is a negative technical momentum indicator. The potential also exists for technical sell signals to be generated on the Dow Jones and S&P500 indices. On the Australian market, as covered in previous wires, the ASX200 index originally generated a technical sell signal on 20/4/15 at 5833.


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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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