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European Indices Trading Elliott Wave Analysis Video, 16 Dec 2016

European Indices Trading Elliott Wave Analysis Video, 16 Dec 2016


European Indices Trading Elliott Wave Analysis Video, 16 Dec 2016


Elliott Wave Analysis covering: SPX, C, DAX, STOXX50, CAC40, MIB40, AEX, DBK, CBK, BARC, UK100  

The interest rates are the backbone of the markets and this is clearly seen through the US banking sector which started to lift up off its lows in early 2016 in line with the US Indices. The European indices which hasn’t lifted as much as the US indices, still have the same Elliott wave structure pointing upwards, so there is some catching up to be done for the Euro Indices. The Euro banks CBK, DBK and BARC which we take a look at today, did not start to rise in line with the US banks in Jan 2016 but much later during the year, however they are moving up swiftly. Looking at the Elliott wave counts for Indices and Banks, we can expect to have a corrective pattern across the Christmas break, with the next real trend starting in the new year.
 


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Related

Tags

INDICES: Euro, INDICES: US, STOCKS: USA, STOCKS: UK, STOCKS: Euro

Categories

Indices, Education, Trade Signals

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