The Sigma Whole Europe index continues its consolidation above the red horizontal. As long as the market remains above this level, there is no warning signal (from the chart).
Looking at key European indexes, we can notice a lot of divergence between the different markets. For sure recent forex action has some responsibilities in those divergence but this doesn't explain with the IBEX is so weak relative to other indexes. This is something to carefully monitor.
The Sigma Trend Index eased again but it remains above its zero line. So, there is no sign of trend reversal at this stage.
The ST lowered its stops on most European positions.
The Sigma Whole Market Index continues to struggle with its dotted ascending line. As long as it remains above this level, the situation remains 'ok' (no more than 'ok') but if it slides below this area, the situation could turn bearish.
The Sigma Trend Index(STI) is, again, testing its zero line. There is a clear fight between bulls and bears, let's see what happens in coming sessions.
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