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Watch Europe – Free Pass for the Elliott Wave European Financial Forecast

Summary:
Europe at an Important Juncture European economic fundamentals have deteriorated rather noticeably over the past year – essentially ever since the German DAX Index topped out in January 2018. Now, European stock markets have reached an important juncture from a technical perspective. Consider the charts of the Euro-Stoxx 50 Index and the DAX shown below:   The Euro-Stoxx 50 Index already peaked in early November 2017, the DAX followed suit in January 2018 – such divergent peaks are a hallmark of major turning points. The recent rally has pushed European stocks back up to trendline resistance and they are now severely overbought.   According to Elliott Wave International’s Brian Whitmer, editor of the EWI European Financial Forecast

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Europe at an Important Juncture

European economic fundamentals have deteriorated rather noticeably over the past year – essentially ever since the German DAX Index topped out in January 2018. Now, European stock markets have reached an important juncture from a technical perspective. Consider the charts of the Euro-Stoxx 50 Index and the DAX shown below:

 

Watch Europe – Free Pass for the Elliott Wave European Financial ForecastThe Euro-Stoxx 50 Index already peaked in early November 2017, the DAX followed suit in January 2018 – such divergent peaks are a hallmark of major turning points. The recent rally has pushed European stocks back up to trendline resistance and they are now severely overbought.

 

According to Elliott Wave International’s Brian Whitmer, editor of the EWI European Financial Forecast (EFF):

 

“Europe is the closest thing a US investor has to a crystal ball right now.”

 

Over the next four days (beginning today, March 8), readers can access the European Financial Forecast, the European Short Term Forecast and the most recent Elliott Wave Theorist for free by clicking on this link and registering at EWI (registration is not required if you are already a Club EWI member).

We have read the EFF in the meantime and Mr. Whitmer has quite a few interesting things to say about European markets and European social mood trends. We would definitely encourage you to check his report out. Here is an appetizer – a chart of French stocks since the beginning of the 20th century:

Watch Europe – Free Pass for the Elliott Wave European Financial ForecastFrench stocks since 1900: if this wave count is correct, the biggest leg down of the bear market that has been in force since the year 2000 all time high is about to begin.

 

Charts by: StockCharts, EWI

 

 

 

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Watch Europe – Free Pass for the Elliott Wave European Financial Forecast 
 

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