I just saw the technical charts of main European indices – SMI, OMXS, Madrid, CAC40 etc. Few points are common on all the charts – a) all the charts are in bearish mode b) Senkou Span A line of their future cloud, using Ichimoku indicator, is FLAT.

Here are their technical charts.

CAC40 – Paris

 

Madrid

 SMI – Zurich

 

Well, till now, you might know, that whenever this line is flat, it will attract price. So, one bounce back in European indices in coming trading sessions can not be ruled out. Take your positions accordingly.

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admin September 12, 2011

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cloud charts technical indicator,ichimoku charts on european indices