Technicals - European indices - potential for buy signals to be generated

The European indices - Eurostoxx 50, DAX and CAC - had simultaneously generated technical sell signals on 13/6/16. Given these sell signals were generated in a cluster was a clear negative technical momentum indicator for the European market outlook. The subsequent sharp sell off resulted in the nominated downside technical targets being reached on 24/6/16 and 27/6/16. The potential has now emerged for these key indices to simultaneously generate re-entry technical buy signals. These will obviously need to translate from potential to actual buy signals, but given the potential (for buy signals) has emerged in a cluster is significant. Situations where a "cluster of signals" have been generated within a particular sector of the market, or at a regional level, has previously been accurate in identifying major turning points. The European indices are under close watch.