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


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:


Euro Stoxx 50 and DAX, Daily

Euro Stoxx 50 and DAX, Daily

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. - Click to enlarge

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:

French stocks since 1900

French 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. - Click to enlarge

Charts by: StockCharts, EWI


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Pater Tenebrarum
Pater Tenebrarum is an independent analyst and economist/social theorist. He has been involved with financial markets in various capacities for 39 years and currently writes economic and market analyses for independent research organizations and a European hedge fund consultancy as well as being the main author of the acting-man blog.
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