We still seem to be in wait and see mode for the next market move, although increasingly things are pointing to the downside. The basic 20/50 dma seems to be getting closer together as time goes on, the Eurostoxx index after a pretty decent run looking the weakest for a negative crossover. This type of squeeze on the moving averages is quite common before either a bounce back saving the current trend, or a crossover in the opposite direction indicating a trend change.
FTSE250 and Eurostoxx are also showing signs of a triple top, while the FTSE100 is on a double top.
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| FTSE100 |
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| FTSE250 |
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| Eurostoxx50 |
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