UK & Europe

Dow Jones Europe Index found medium-term support at 220 but reversal of  13-week Twiggs Money Flow below zero warns of strong selling pressure. Breach of primary support at 210 would signal a decline to 160*, close to the 2009 low. Respect of support is less likely but would indicate a rally to 260.

Dow Jones Europe Index

* Target calculation: 210 – ( 260 – 210 ) = 160

The FTSE 100 is consolidating above 5250 on the weekly chart. 13-Week Twiggs Money Flow remains above zero but 63-day Twiggs Momentum warns of a primary down-trend. Failure of primary support at 5000/5100 would confirm.

FTSE 100 Index

* Target calculation: 5000 – ( 6000 – 5000 ) = 4000

2 thoughts on “UK & Europe

  1. Lee says:

    Colin, I was disappointed not to find Canada today. You are one of the few who cover us.

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