Global Stock Indices Topping Patterns Could Be In Play
Chris Kimble | Apr 25, 2018 10:22AM ET
This 4-pack reflects that each of these indices (US's S&P 500, UK's FTSE 100, France's CAC 40 and Germany's DAX) remains in uptrends and each is at the top of multi-year rising channels. Softness over the past 90-days has not changed the long-term trends.
It also reflects that each could be creating some form of a topping pattern, just under the top of each channel at each (1).
Bottom line: Each is at a price point where bulls Do Not want to see selling start at each (1).
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