2. Â European Equities – Failure Before the Test
The longer term chart of the Euro Stoxx 50, which appeared in the 18th November edition of the Weekly Macro Themes, shows the line in the sand and the key test for the index. Yet the second chart shows Sentix strategic bias sentiment rolling over for European equities. Thus it appears at this point there is a risk that European equities have failed the test before even trying.
Overall technical view: Cautious bias short-term
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