– Dis-May In Europe: STOXX 600 Trades Like 2001 & 2008:
The STOXX Europe 600 is trending below declining and bearishly positioned 26 and 40-week moving averages, and as BofAML’s Stephen Suttmeier warns, ECB quantitative easing has not reversed this bearish trend.
The 2016 set-up is similar to early 2001 and early 2008 with important resistance at 350 and important support at 300. Both 2001 and 2008 saw rebounds into bearishly positioned and falling 26/40-week MAs that formed important lower tops in May.
This pattern could repeat or at least rhyme moving into May 2016, and the bearish wedge is a warning that Europe could follow this pattern.
The breaks below 300 in September 2011 and June 2008 led to much deeper weakness and a similar break in 2016 could see the SXXP trend down toward 200.
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http://www.alt-market.com/articles/2890-what-will-the-global-economy-look-like-after-the-great-reset
http://wolfstreet.com/2016/05/10/wealth-confiscation-for-the-digital-age-the-new-cash-tax/
Tax Dollars well spent…..
You can’t make it up can you?
At least it is official, a bee sting on the balls officially hurts.
http://www.thedailysheeple.com/bee-stings-to-the-genitals-really-hurt-according-to-fed-funded-study_052016