Thursday 6 July 2017

Europe Stoxx600 in deep trouble!

Europe Stoxx600 in deep trouble, as price action is taking place below the cloud! Front cloud also confirms a trend change since the cloud Span A line is now below cloud Span B line, with indicate that the trend is potentially changing to a down trend.

Outlook remain bearish since the MACD and Cloud Chart sell signal above the cloud!

Both the bottom level and top level of the cloud, (Cloud Span A & B) are now new resistance zones!

Chart Link: Stoxx600

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