It feels the markets have been all over the place, but in fact, the “real” markets have traded in a range over the past weeks. The Eurozone momo countries have fallen aggressively over the past months. IBEX and the MIB have reached some short term support levels. If these levels break on us, it will be nasty. SPX and the DAX on the other hand, have been accumulating for a break out soon.
Essential charts below.
Charts by Infront