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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Thursday, November 15, 2012

Support Break on European Top 100 Index

Today's (Thursday's) price action gapped down and closed below horizontal support on the European Top 100 Index, as shown on the Daily chart below.

The RSI, MACD, and Stochastics indicators are signalling more weakness ahead...one to watch, in view of the comments I made in my post of November 12th. Downside follow-through on this index should also produce further weakness (and probable support breaks) on the DAX, CAC, and PIIGS Indices.