Europe: Mild correction

Dow Jones Euro Stoxx 50 is undergoing a correction to test medium-term support at 3500. Declining Twiggs Money Flow indicates moderate selling pressure but long-term troughs above zero suggest a bull market. Respect of support is likely and would signal an advance to the 2015 high at 3800*.

DJ Euro Stoxx 50

* Target calculation: 3650 + ( 3650 – 3500 ) = 3800

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